Cigna Corp. (CI) Tops Q3 EPS by 41c, Revenues Beat; Raises FY18 EPS Outlook Above Consensus
Cigna Corp. (NYSE: CI) reported Q3 EPS of $3.84, $0.41 better than the analyst estimate of $3.43. Revenue for the quarter came in at $11.5 billion versus the consensus estimate of $11.17 billion.
- Total revenues1 increased 9% to $11.5 billion in the third quarter
- Shareholders’ net income for the third quarter was $772 million, or $3.14 per share
- Adjusted income from operations2 in the third quarter was $945 million, or $3.84 per share
- Adjusted income from operations2,3,4 is now projected to grow in the range of 31% to 33%, to $3.49 billion to $3.54 billion in 2018, or $14.20 to $14.40 per share4
“Cigna continues to provide more affordable, personalized solutions for our customers and clients, enabling us to deliver strong results,” said David M. Cordani, President and Chief Executive Officer. “Looking ahead to 2019, we expect to continue driving innovation, growth and value, all of which will be further enhanced through our pending combination with Express Scripts.”
GUIDANCE:
Cigna Corp. sees FY2018 EPS of $14.20-$14.40, versus the consensus of $13.84.
For earnings history and earnings-related data on Cigna Corp. (CI) click here.
