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Cigna Gains After Reaffirming Guidance, 10% EPS Growth in 2022 -Breaking

by Mike Robinson

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© Reuters

By Dhirendra Tripathi

Investing.com – Cigna stock (NYSE:) traded 1% higher Monday after the company reiterated its outlook for the ongoing financial year as well as the next.

According to the insurer, its representatives expect to confirm the projections during their next few weeks’ meetings with analysts and investors.

The company released its third quarter numbers on November 4. It had stated that full-year 2021 it expects adjusted profit from operations to be at least $20.35 per shares. According to the company, adjusted annual revenue should be no less than $172 billion.

The adjusted profit from operations for 2022 is expected to grow by at least 10% per share.

The total revenue of the third quarter was $44 billion. This is an increase of around 9% over last year. The adjusted income from operations increased 30% to $5.73 per share.

Cigna shares have risen by around 14% compared to the 28% increase in.

 

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