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Centene Lowers 2012 Forecast; Shares Tumble In Pre-Market Trading

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Shares of Centene Corp (NYSE: CNC) dipped more than 26% in pre-market trading after the company lowered its full-year earnings forecast.

It also projects to post a second-quarter loss. It now projects 2012 earnings of $1.45 to $1.65 per share, versus its earlier forecast of $2.64 to $2.84 per share.

Analysts were expecting full-year earnings of $2.68 per share.

Centene shares dropped 26.70% to $26.00 in pre-market trading.

Posted-In: movers and shakersEarnings News Guidance Pre-Market Outlook

 

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