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Cigna Stock Dives After Earnings. Here’s What Went Wrong.
Cigna Group stock was falling sharply after the health insurer missed quarterly earnings estimates and issued light guidance amid higher medical costs. Cigna stock dropped 9% to $276 in premarket trading Thursday.
Cigna Stock Dives On Q4 Earnings Miss: 'We Are Taking Corrective Actions To Address These Near-Term Pressures'
Cigna reported fourth-quarter revenue of $65.68 billion, beating analyst estimates of $63.36 billion, according to Benzinga Pro. The company reported fourth-quarter adjusted earnings of $6.64 per share,
Cigna: Q4 Earnings Snapshot
The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $7.83 per share. The health insurer posted revenue of $65.65 billion in the period. Its adjusted revenue was $65.
Cigna (NYSE:CI) Surprises With Q4 Sales
Health insurance company Cigna (NYSE:CI) announced in Q4 CY2024, with sales up 28.4% year on year to $65.65 billion. The company expects the full year’s revenue to be around $252 billion, close to analysts’ estimates.
Cigna (CI) Reports Q4 Earnings: What Key Metrics Have to Say
Cigna (CI) reported $65.68 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 28.4%. EPS of $6.64 for the same period compares to $6.79 a year ago. The reported revenue represents a surprise of +3.
1d
on MSN
Cigna quarterly profit hit by higher medical costs, shares tumble
Cigna forecast annual profit below Wall Street expectations on Thursday and missed estimates for the fourth quarter, as ...
23h
on MSN
Why Cigna Stock Is Plummeting Today
Shares of Cigna ( CI -8.00%) were dropping Thursday. The stock was down 8.4% as of 1:20 p.m. ET but had lost as much as 11.3% ...
STAT
23h
Cigna’s lower earnings reveal how sick American workers are
Cigna blamed lower-than-expected fourth-quarter returns on its stop-loss insurance business that insures employers from ...
1d
Wall Street rises as gains in Meta, Tesla offset Microsoft slump
Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak ...
Healthcare Dive
1d
Cigna pledges changes to pharmacy, medical benefits following ‘messy’ close to 2024
Fresh off underperforming Wall Street’s expectations in the fourth quarter, Cigna said it would work to lower costs for its ...
8h
Cigna price target lowered to $339 from $420 at Barclays
Barclays analyst Andrew Mok lowered the firm’s price target on Cigna (CI) to $339 from $420 and keeps an Overweight rating on the shares post ...
20h
Health Care Up as Quest Diagnostics Surges, Cigna Falls -- Health Care Roundup
Shares of Cigna Group slid after the health insurer warned that higher health-care costs in one insurance unit weighed on profitability. Insurers saw profit margins soar in the pandemic as insurees ...
1d
Cigna falls short of Q4 profit estimates due to higher medical costs
The plan, called "stop-loss insurance", entails the insurer covering for employers' self-funded plans when their costs ...
1d
Morning Movers: UPS and Cigna plunge double digits following Q4 results
Check out this morning’s top movers from around Wall Street, compiled by The Fly. Invest with Confidence: Follow TipRanks' Top Wall Street ...
2d
Cigna taking steps to lower out-of-pocket cost of prescription drugs
Cigna Group plans to make changes to help lower out-of-pocket cost of prescription drugs, the company said on Wednesday, as ...
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