Cigna Corp. (NYSE: CI) reported Q3 EPS of $4.41, $0.17 better than the analyst estimate of $4.24. Revenue for the quarter came in at $41 billion versus the consensus estimate of $39.18 billion.

• Total revenues in the third quarter were $41.0 billion. Adjusted revenues1 were $40.8 billion.
• Shareholders' net income for the third quarter was $1.4 billion, or $3.78 per share
• Adjusted income from operations2 for the third quarter was $1.6 billion, or $4.41 per share
• Adjusted income from operations2,3 is projected to be in the range of $18.30 to $18.60 per share in 20203

"In these dynamic and challenging times, we at Cigna continue to act as champions for our customers, clients, and communities as we deliver on our promises to make health care more affordable, predictable and simple," said David M. Cordani, President and Chief Executive Officer. "We delivered attractive revenue growth and strong earnings, while further improving our capital position, driving strategic flexibility. Additionally, our launch of Evernorth accelerates our strategy, broadens our reach and expands our opportunities for growth, further enhancing the value we deliver to the marketplace each and every day."

GUIDANCE:

Cigna Corp. sees FY2020 EPS of $18.30-$18.60, versus the consensus of $18.55. Cigna Corp. sees FY2020 revenue of $158 billion, versus the consensus of $155.84 billion.

Cigna's outlook for full year 2020 adjusted revenues1,3 is approximately $158 billion. Cigna's outlook for full year 2020 consolidated adjusted income from operations2,3 on a per share basis is in the range of $18.30 to $18.60 per share. Cigna's outlook excludes potential effects of any future share repurchase3. Also, while Cigna continues to expect to close the sale of Cigna's Group Disability and Life business in the fourth quarter of 2020, Cigna's outlook assumes a full year of contributions from the Group Disability and Life business.

For earnings history and earnings-related data on Cigna Corp. (CI) click here.