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Cigna: Q2 Earnings Snapshot

August 4, 2022 GMT

BLOOMFIELD, Conn. (AP) _ Cigna Corp. (CI) on Thursday reported second-quarter earnings of $1.56 billion.

On a per-share basis, the Bloomfield, Connecticut-based company said it had profit of $4.90. Earnings, adjusted for amortization costs and non-recurring costs, came to $6.22 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $5.44 per share.

The health insurer posted revenue of $45.48 billion in the period. Its adjusted revenue was $45.43 billion, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $44.23 billion.

Cigna expects full-year earnings to be $22.90 per share, with revenue expected to be $178 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CI at https://www.zacks.com/ap/CI