Cigna (NYSE:CI) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cigna announced earnings per share of $4.69 on revenue of $38.39B. Analysts polled by anticipated EPS of $4.34 on revenue of $37.09B. That with comparison to EPS of $3.9 on revenue of $33.43B in the same period a year before. Cigna had reported EPS of $4.31 on revenue of $36.54B in the previous quarter. Analysts are expecting EPS of $4.57 and revenue of $38.16B in the upcoming quarter.
Cigna shares are down 4.22% from the beginning of the year , still down 12.81% from its 52 week high of $224.64 set on February 12. They are outperforming the S&P 500 which is down 9.4% year to date.
Cigna follows other major Financial sector earnings this month
Cigna's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
Mastercard had beat expectations on Wednesday with first quarter EPS of $1.83 on revenue of $4.01B, compared to forecast for EPS of $1.75 on revenue of $4B.
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