Cigna Posts Healthy Profit On Buyout, Cost Controls
Health insurer Cigna's (CI) fourth-quarter profit jumped 50% to $1.57 a share, beating analyst estimates by 9 cents. The gain came on expanded enrollment from its $3.8 billion acquisition of HealthSpring early last year and cost controls. Revenue climbed 40% to $7.62 billion. Wall Street expected $6.79 billion. Cigna announced results before the market opened, and the beat and upbeat executive comments pushed shares up about 2% early in more than
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