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UPDATE: Centene Q4 Profit Down 70%

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Centene (NYSE: CNC) reported a 70% decline in its fourth-quarter profit.

Its quarterly net profit dropped to $9.1 million, or $0.17 per share, from $30.1 million, or $0.57 per share, in the year-ago period.

Its total revenue surged 59% to $2.4 billion.

Centene's adjusted earnings came in at $0.47 per shares, beating analysts' estimates of $0.32 per share.

Centene shares closed at $42.54 yesterday.

Posted-In: profitEarnings News


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