Centene CNC reported a strong rise in its fourth-quarter profit.
Centene's quarterly net earnings surged to $53.2 million, or $0.93 per share, versus a year-ago profit of $9.1 million, or $0.17 per share. Excluding discontinued operations, it earned $0.84 per share.
Its premium and services revenue jumped around 33% to $2.9 billion. However, analysts were projecting earnings of $0.83 per share.
Centene shares closed at $59.11 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in