— Cigna Corporation (NYSE: CI) reported its third-quarter 2019 adjusted operating earnings of $4.54 per share versus $4.36 per share expected.
— The results reflected strong earnings contributions led by the Health Services and Integrated Medical segments.
— Total adjusted revenues soared by 213% to $35.8 billion versus $34.2 billion expected. This was driven by the continued strong contributions from each of Cigna’s ongoing businesses.
— Health Services adjusted revenues soared to $24.9 billion from $1.11 billion a year ago, driven by the combination with Express Scripts.
— Adjusted revenue from Integrated Medical grew by 12% led by Commercial customer growth and deepening of relationships, as well as premium increases consistent with underlying cost trends.
— The total medical customer base at third-quarter was 17.1 million, an organic increase of 212,000 over last year, driven by growth in the Select and Middle Market segments.
— Looking ahead into the full year 2019, the company now expects an adjusted revenue of about $138 billion and adjusted income from operations of $16.80 to $17 per share. The Street estimates earnings of $16.8 per share on revenue of $136.79 billion.
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