BLOOMFIELD, Conn. (AP) — BLOOMFIELD, Conn. (AP) — The Cigna Group (CI) on Thursday reported third-quarter net income of $1.87 billion.
The Bloomfield, Connecticut-based company said it had net income of $6.98 per share. Earnings, adjusted for one-time gains and costs, were $7.83 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $7.70 per share.
The health insurer posted revenue of $69.75 billion in the period. Its adjusted revenue was $69.57 billion, also beating Street forecasts. Nine analysts surveyed by Zacks expected $67.16 billion.
Cigna expects full-year earnings to be $29.60 per share.
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