CIGNA Corporation (NYSE:CI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
CIGNA Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 38.71% to $1.72 in the quarter versus EPS of $1.24 in the year-earlier quarter.
Revenue: Rose 20.55% to $8.18 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: CIGNA Corporation reported adjusted EPS income of $1.72 per share. By that measure, the company beat the mean analyst estimate of $1.43. It beat the average revenue estimate of $7.31 billion.
Quoting Management: “Cigna’s strong first quarter results reflect continued execution of our strategy to deliver value to our customers and clients around the world,” said David M. Cordani, President and Chief Executive Officer. “Our diversified portfolio of individual and employer-based solutions that focus on quality and affordability, positions us well for continued growth through 2013 and beyond.”
Key Stats (on next page)…