03.11.2016 11:04:32

Cigna Corp. Q3 Profit Falls 15%

(RTTNews) - Cigna Corp. (CI) released earnings for third quarter that retreated from last year.

The company said its bottom line fell to $503 million, or $1.94 per share. This was lower than $593 million, or $2.28 per share, in last year's third quarter.

Analysts had expected the company to earn $1.91 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.2% to $9.88 billion. This was up from $9.39 billion last year.

Cigna Corp. earnings at a glance:

-Earnings (Q3): $503 Mln. vs. $593 Mln. last year. -Earnings Decline (Y-o-Y): -15.2% -EPS (Q3): $1.94 vs. $2.28 last year. -EPS Decline (Y-o-Y): -14.9% -Analysts Estimate: $1.91 -Revenue (Q3): $9.88 Bln vs. $9.39 Bln last year. -Revenue Change (Y-o-Y): 5.2%

-Guidance: Full year EPS guidance: $7.80 - $8.05

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