- Geopolitical Concerns Keep Oil Supported near $144
- South Korea Won Jumps on Intervention Warning
- Asian Markets Are Mixed, Shanghai Leads
- Will Smith Tops Box Office with 'Hancock'
- NBC Universal to Buy The Weather Channel
- Merrill Will Decide on BlackRock Stake Sale Soon
- For Stocks, Escaping Bear Hinges on Oil, GE
- Bush Backs Strong Dollar Policy
- Merrill May Be Close to Selling Bloomberg Stake: Report
- The Week: Pickers Focus on Steel, Financials, Tech & International Stocks
- Bowyer: Back to Monarchy in Land Rights?
- Parking Cash in European Telecoms
- Bargain Stocks: Nokia, Spectra, Incitex Pivot
- Sticker Shock: Fast Money's Inflation Special
- Our Favorite Inflation Trades
- Warren Buffett's Annual Stock Gift to Gates Foundation Worth $1.8B This Year
- That '70's Trade
- The Villain Of Our Story
Health insurer Cigna said on Wednesday that fourth-quarter profit rose 13 percent, helped by its international operations and disability and life business.
Net income at the Philadelphia-based company rose to $263 million, or 93 cents per share, from $232 million, or 76 cents per share, a year earlier, when results suffered because of charges.
Excluding items, adjusted income from operations was 98 cents per share.
Analysts on average expected 97 cents, according to Reuters Estimates.
Revenue rose 6 percent to $4.46 billion.
RELATED LINKS
Membership in the company's health plans rose 8.3 percent to 10.2 million from a year earlier, but fell slightly from the third quarter.
Cigna [CI
Loading...
()
] raised its 2008 earnings outlook to a range of $4.05 to $4.25 per share, excluding items and any stock repurchases. It had forecast $4 to $4.20 in
November. Analysts expect $4.24.
However, the company projected full-year membership growth of 2 percent to 5 percent, excluding the impact of a big acquisition, down from its November forecast of 3 percent to 5 percent.
Print
Email
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes