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Cigna Reports Better-Than-Expected Earnings
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FBN's Diane Macedo breaks down Cigna's 4Q earnings.
- Duration 0:45
- Date Feb 7, 2013
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FBN's Diane Macedo breaks down Cigna's 4Q earnings.
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Earnings now -- that the insurance companies reporting an adjusted profit of one dollar 57 cents a share.
That -- the estimate for a dollar 48 revenue was also beat at seven point 62 billion dollars the estimate there was for six point 79 billion.
Alcatel -- CEO meanwhile is stepping down after a failed four year bid to return the company to profitability.
Denver weigh -- departure comes after the telecommunications equipment maker posted in more than one point eight billion dollar loss for last year.
-- and says he'll stay on the job while Alcatel searches for his replacement.
The announcement of his departure comes at a turbulent time for Alcatel.
As it -- to keep up in the global tech race against its competitors despite repeated rounds of cost layoffs and restructuring.