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Cigna posts Street-topping earnings
San Francisco Chronicle

Cigna’s second-quarter earnings rose nearly 3 percent, beating estimates as the health insurer had predicted last week when it announced a plan to combine with bigger rival Anthem in a $48-billion deal. The Bloomfield, Connecticut, company said Thursday that it earned $588 million in the quarter that ended June 30, up from $573 million in the previous year’s quarter. Adjusted earnings totaled $2.55 per share in the most recent quarter. That easily topped Wall Street expectations . The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.

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