Cigna up 3% premarket on Q2 beat; 2019 guidance raised

Cigna (CI) Q2 results: Revenues: $34,375M (+198.9%).

Net Income: $1,408M (+74.7%); EPS: $3.70 (+12.5%); Non-GAAP Net Income: $1,640M (+71.7%); Non-GAAP EPS: $4.30 (+10.5%).

Total medical care ratio of 81.6% in Q2.

2019 Guidance: non-GAAP Revenue: $136B – 137B from $132.5B – 134.5B; non-GAAP Net Income: $6.34B – 6.46B from $6.24B – 6.4B; non-GAAP EPS: $16.60 – 16.90 from $16.25 – 16.65; Medical Care Ratio: 80.5% – 81.5% (unch).

Shares are up 3% premarket.

Previously: CIGNA EPS beats by $0.56, beats on revenue (Aug. 1)

https://seekingalpha.com/news/3485129-cigna-3-percent-premarket-q2-beat-2019-guidance-raised