BLOOMFIELD, Conn. (AP) — BLOOMFIELD, Conn. (AP) — The Cigna Group (CI) on Friday reported first-quarter profit of $1.32 billion.
The Bloomfield, Connecticut-based company said it had net income of $4.85 per share. Earnings, adjusted for one-time gains and costs, were $6.74 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $6.39 per share.
The health insurer posted revenue of $65.5 billion in the period. Its adjusted revenue was $65.45 billion, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $60.8 billion.
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