Filed under: CIGNA Corp (CI), Stocks to Buy
Insurer CIGNA Corporation (CI) posted solid first quarter earnings of $1.01 per share, excluding items, compared to the Thomson/Reuters First Call estimate of 90 cents. So far, investors are more than satisfied. Cigna’s shares rose about 75 cents after the earnings release, and recently have recovered nearly all of the ground lost during the May 6 ‘flash crash.’ On Tuesday afternoon shares rose 87 cents to $33.52. Cigna earned 76 cents per share a year ago.
Cigna, which benefited from a strong international performance, also kept its 2010 earnings guidance the same, with the company seeing full-year EPS of $3.75 to $4.15, compared to the First Call estimate of $4.08. First Call also expects CI to earn $4.36 in 2011.
Continue reading Cigna’s Q1 Beats Street on Global Performance
Cigna’s Q1 Beats Street on Global Performance originally appeared on BloggingStocks on Tue, 11 May 2010 17:00:00 EST. Please see our terms for use of feeds.

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