Categories AlphaGraphs, Earnings, Health Care
Cigna Group (CI) reports double-digit revenue growth for Q1; guides FY24
The Cigna Group (NYSE: CI), a healthcare company focused on medical insurance and related services, Thursday reported a sharp increase in revenues for the first quarter of 2024.
First-quarter revenues climbed 23% annually to $57.3 billion, mainly reflecting a 31% revenue growth in the core Pharmacy segment. For fiscal 2024, the management expects revenues to be approximately $235 billion, on an adjusted basis.
Adjusted operating income, on a per-share basis, rose 20% year-over-year to $6.47 in Q1. For the full fiscal year, Cigna is looking for an adjusted operating profit of around $8.07 billion.
Meanwhile, the company reported a shareholders’ net loss of $277 million or $0.97 per share for the March quarter, compared to a profit of $1.27 billion or $4.24 per share in the year-ago quarter.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed
