UPDATE: Centene Posts Q2 Profit

Centene

posted a profit in the second quarter. For the year, Centene lifted the low end of its earnings forecast to $2.65 to $2.90 per share. Centene posted a quarterly profit of $39.5 million, or $0.70 per share, versus a year-ago loss of $35 million, or $0.68 per share. Its premium and service revenue gained 28% to $2.63 billion. However, analysts were expecting earnings of $0.65 per share on revenue of $2.65 billion. Centene shares closed at $55.92 yesterday.