Friday, July 13, 2012

Cigna Profit Falls 35%, Reports Mixed Q3 Earnings

Cigna Health Care - Cigna Profit Falls 35%, Reports Mixed Q3 Earnings.
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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Cigna Health Care . Cigna (NYSE:CI) reported Q3 earnings this morning, posting EPS of .20, falling short of analyst estimates for .24. Revenue for the quarter rose 6.6% to .61 billion, topping analyst estimates for .46 billion. David M. Cordani, President and Chief Executive Officer said, "Our strong third quarter results reflect our continued focus on delivering solutions to improve the health and well being of our customers and clients through differentiated service and clinical quality in targeted geographies and customer segments. We are pleased with the consistent execution of our growth strategy and the positive momentum it creates for 2012 and beyond for the benefit of customers, clients, health care professionals and shareholders." CIGNA (NYSE:CI) has potential upside of 13.8% based on a current price of .37 and an average consensus analyst price target of .9.
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