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
PNC Earnings: A snapshot of PNC Financial Services’ Q4 2025 results
PNC Financial Services Group, Inc. (NYSE: PNC) on Friday reported higher revenue and net income for the fourth quarter of fiscal 2025. The numbers also beat analysts' estimates. Total revenues
Earnings Preview: Intuitive Surgical (ISRG) looks poised for a strong Q4
Intuitive Surgical, Inc. (NASDAQ: ISRG) is a pioneer in robotic-assisted surgical technology, developing advanced systems that enable healthcare professionals to perform minimally invasive procedures with greater precision and efficiency. Having
What to expect when Alaska Air Group (ALK) reports Q4 2025 earnings results
Shares of Alaska Air Group (NYSE: ALK) gained 3% on Thursday. The stock has dropped 26% in the past 12 months. The airline is scheduled to publish its earnings results
