Cigna's Q3 Profit Beats Street On Strong Demand For Pharmacy Benefit Management's Specialty Drugs, New Clients
Portfolio Pulse from Vandana Singh
Cigna Corporation reported a strong Q3 performance with sales of $63.7 billion, driven by growth in Evernorth Health Services and specialty drugs. The adjusted EPS of $7.51 beat expectations, and the company reaffirmed its 2024 EPS guidance. CI stock rose 3.93% following the news.
October 31, 2024 | 2:55 pm
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Cigna's Q3 earnings exceeded expectations with a 30% increase in sales, driven by Evernorth Health Services. The adjusted EPS of $7.51 beat Wall Street estimates, and the company reaffirmed its 2024 guidance. CI stock rose 3.93% on the news.
Cigna's strong Q3 performance, driven by Evernorth Health Services and specialty drugs, led to a significant sales increase and an EPS that beat expectations. The reaffirmation of 2024 guidance and the stock's positive price action indicate a likely short-term upward trend.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100