Summary Box: Cigna's 1Q profit soars 52 percent

AP News
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Posted: May 05, 2011 11:22 AM

THE RESULTS: Health insurer Cigna Corp. said its first-quarter net income jumped 52 percent to $429 million, or $1.57 per share, from $283 million, or $1.02 per share. Revenue climbed 4 percent to $5.41 billion. Adjusted income from operations totaled $1.37 per share.

THE EXPECTATIONS: Analyst surveyed by FactSet expected earnings of $1.09 per share on $5.49 billion in revenue.

THE NEW FORECAST: The Philadelphia company now expects full-year adjusted earnings of $4.65 to $5 per share, up from a previous range of $4.30 to $4.70. Analysts expect earnings of $4.73 per share.