Cigna Group reported first-quarter revenue of $65.5 billion and adjusted earnings per share of $6.74, both above analyst estimates. The company raised its full-year earnings per share guidance to at least $29.60, citing strong performance in its pharmacy benefit management business and lower-than-expected medical costs in its insurance arm. Equinix Inc. reported first-quarter funds from operations (FFO) of $9.67 per share, beating the $9.09 estimate, and sales of $2.23 billion, above the $2.22 billion estimate. The company also reported adjusted earnings of $3.50 per share, up from $2.43 a year earlier, and raised its full-year revenue and earnings guidance to adjusted earnings per share of $37.36 to $38.17 on revenue of $9.175 billion to $9.275 billion. Mid-America Apartment Communities posted first-quarter FFO of $2.20 per share, exceeding the $2.16 estimate, while sales of $549.29 million missed the $550.84 million projection. Host Hotels & Resorts reported FFO of $0.64 per share, above the $0.56 estimate, and sales of $1.59 billion, surpassing the $1.55 billion estimate. AvalonBay Communities reported FFO of $2.83 per share and sales of $745.88 million, both above estimates of $2.81 and $743.17 million, respectively. American Homes 4 Rent posted FFO of $0.46 per share and sales of $459.28 million, both exceeding estimates of $0.45 and $448.93 million. Public Storage reported FFO of $4.12 per share, beating the $4.06 estimate, while sales of $1.10 billion missed the $1.17 billion projection. CubeSmart posted FFO of $0.64 per share and sales of $273.04 million, both above estimates of $0.63 and $264.82 million. Cboe Global Markets reported adjusted earnings per share of $2.50, beating the $2.36 estimate, and sales of $565.20 million, above the $559.99 million estimate. Arbor Realty Trust reported adjusted earnings per share of $0.31, exceeding the $0.27 estimate, while sales of $75.44 million missed the $77.17 million projection. Arbor also announced a 30% reduction in its dividend to $0.30 per share.
Cigna on Friday raised its full-year earnings forecast and beat estimates for quarterly profit, helped by strong performance in its pharmacy benefit management business and lower-than-expected medical costs in its insurance arm. https://t.co/8uCpVbUzj2
Key Takeaways from $CI's Earnings Call - The Cigna Group delivered $65.5 billion in total revenue and grew adjusted earnings per share to $6.74 in Q1 2025. - The company raised its full year EPS guidance estimate to at least $29.60. - Evernorth Specialty and Care Services https://t.co/0fTFvxGkj9
A rolling Arbor update on 10-Q as we lead up to this morning's earnings call. Arbor cuts dividend by 30% to $0.30 per share. Dividends continue to exceed the (heavily adulterated) distributable earnings despite the dividend cut. $ABR 1/ https://t.co/NAcPnkz9wy