Cigna (CI) guides 2013 earnings below its long-term forecast, now saying earnings would rise by...

|About: Cigna Corp. (CI)|By:, SA News Editor

Cigna (CI) guides 2013 earnings below its long-term forecast, now saying earnings would rise by 4% to 9% to between $5.80 to $6.25 per share, while sales will grow by 8% to 11% to between $31.5B to $32.5B. The Street had recently forecast earnings of $6.32 per a share on revenue of $29.28B. The increase is driven by company-wide expansion, but the lower forecast is tempered by plans for strategic investments and expectations for an uptick in medical-cost trends.