WASHINGTON (dpa-AFX) - (Adds Outlook)
Looking ahead, for the full year, Cigna Corp. (CI) has revised up its earnings outlook, but below analysts' estimates.
The company now expects adjusted income from operations of at least $8.065 billion (up $40 million from earlier outlook), or $28.40 per share, (up $0.15 from earlier outlook) Analysts, on average, expect Cigna to earn $28.43 per share, for the year.
The company expects to generate adjusted revenue of at least $235 billion, below the analysts' estimate of $235.5 billion.
CI was trading up by 1.91 percent at $364 in the pre-market trade on the New York Stock Exchange.
Q1 Results:
Below are the earnings highlights for The Cigna Group
Earnings: -$0.3 billion in Q1 vs. $1.3 billion in the same period last year. EPS: -$0.97 in Q1 vs. $4.24 in the same period last year. Excluding items, The Cigna Group reported adjusted earnings of $1.875 billion or $6.47 per share for the period.
Analysts projected $6.22 per share Revenue: $57.255 billion in Q1 vs. $46.517 billion in the same period last year.
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