BLOOMFIELD, Conn. (AP) — BLOOMFIELD, Conn. (AP) — The Cigna Group (CI) on Thursday reported a loss of $277 million in its first quarter.
The Bloomfield, Connecticut-based company said it had a loss of 97 cents per share. Earnings, adjusted for investment costs and amortization costs, were $6.47 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $6.17 per share.
The health insurer posted revenue of $57.26 billion in the period. Its adjusted revenue was $57.25 billion, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $56.64 billion.
Cigna expects full-year earnings to be $28.40 per share, with revenue expected to be $235 billion.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
