Why Cigna (CI) Stock Is Falling Today
Shares of health insurance company Cigna (NYSE:CI) fell 14.3% in the morning session after the company reported underwhelming third-quarter results. Revenue grew 9.5% year-on-year to $69.75 billion, beating estimates by 3.6%. Adjusted earnings per share came in at $7.83, which was 2.5% ahead of the consensus forecast. However, the positive results were overshadowed by concerns…