Health

Cigna Drops Most Since November After Maintaining Its Outlook

The Cign headquarters in Bloomfield, Connecticut, US.
Photographer: Joe Buglewicz/Bloomberg

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By John Tozzi

August 1, 2024 at 10:00 AM UTC

Updated on

August 1, 2024 at 1:52 PM UTC

This article is for subscribers only.

Cigna Group shares fell after US markets opened as the company maintained its outlook despite second-quarter earnings that exceeded analysts’ expectations, driven by growth in its health services division.

Adjusted income from operations was $6.72 a share, ahead of the average of analyst estimates compiled by Bloomberg. The health-care giant affirmed its forecast for adjusted 2024 earnings of at least $28.40 a share.