Cigna Reports 52% Rise In Q1 Net Income

Cigna Corp CI reported a 52% surge in its first-quarter net income. The company reported its quarterly net income at $429 million, or $1.57 per share, versus $283 million, or $1.02 per share, in the year-ago quarter. The company's adjusted earnings from operations came in at $1.37 per share. The company's revenue increased to $5.41 billion from $5.21 billion. However, analysts were expecting earnings of $1.09 per share on revenue of $5.49 billion. Cigna projects full-year adjusted earnings from operations of $4.65 to $5 per share, versus analysts' estimates of $4.73 per share. CI shares gained 2.35% to $47.00 in after-hours trading. Read more from Benzinga's Company news.