Cigna's Q2 Profit Beats Analyst Estimates As Evernorth Health Services Growth Builds Momentum, Reiterates Annual Outlook
Portfolio Pulse from Vandana Singh
Cigna Corporation (NYSE:CI) reported strong Q2 results with sales of $60.52 billion, up 25% YoY, driven by Evernorth Health Services. Adjusted EPS of $6.72 beat estimates. The company reaffirmed its annual outlook. Despite positive results, CI stock is down 4.51%.
August 01, 2024 | 4:41 pm
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Cigna Corporation reported strong Q2 results with a 25% YoY increase in sales to $60.52 billion, driven by Evernorth Health Services. Adjusted EPS of $6.72 beat Wall Street estimates. The company reaffirmed its annual outlook. Despite positive results, CI stock is down 4.51%.
Cigna's strong Q2 results, driven by Evernorth Health Services, and beating EPS estimates are positive indicators. However, the stock is down 4.51%, possibly due to market reactions or other external factors. The reaffirmation of the annual outlook is a positive sign for future performance.
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IMPORTANCE 90
RELEVANCE 100