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Cigna: 4Q Earnings Snapshot

BLOOMFIELD, Conn. (AP) _ Cigna Corp. (CI) on Friday reported fourth-quarter earnings of $144 million.

The Bloomfield, Connecticut-based company said it had profit of 55 cents per share. Earnings, adjusted for non-recurring costs, came to $2.46 per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.53 per share.

The health insurer posted revenue of $14.3 billion in the period. Its adjusted revenue was $13.75 billion, exceeding Street forecasts. Five analysts surveyed by Zacks expected $11.31 billion.

For the year, the company reported profit of $2.64 billion, or $10.54 per share. Revenue was reported as $48.11 billion.

Cigna expects full-year earnings in the range of $16 to $16.50 per share, with revenue in the range of $131.5 billion to $133.5 billion.

Cigna shares have increased 5 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 8 percent. The stock has declined 4 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CI at https://www.zacks.com/ap/CI