Cigna Corp. Q3 Profit Increases, beats estimates

(RTTNews) - Cigna Corp. (CI) reported earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $2.76 billion, or $8.97 per share. This compares with $1.62 billion, or $4.80 per share, in last year's third quarter.

Excluding items, Cigna Corp. reported adjusted earnings of $1.86 billion or $6.04 per share for the period.

Analysts on average had expected the company to earn $5.71 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.4% to $45.36 billion from $44.31 billion last year.

Cigna Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $2.76 Bln. vs. $1.62 Bln. last year. -EPS (Q3): $8.97 vs. $4.80 last year. -Analyst Estimate: $5.71 -Revenue (Q3): $45.36 Bln vs. $44.31 Bln last year.

-Guidance: Full year EPS guidance: $23.10 Full year revenue guidance: $179 Bln