Loading...
Loading...
Centene
CNC reported an 87% drop in its third-quarter earnings.
Centene lowered its full-year earnings forecast to $0.56 to $0.66 per share and lifted its revenue forecast to $8.1 billion to $8.3 billion
Centene's quarterly profit fell to $3.82 million, or $0.07 per share, from $28.99 million, or $0.55 per share, in the year-ago period. Excluding items, its adjusted earnings came in at $0.78 per share.
Its revenue gained 88% to $2.45 billion. However, analysts were expecting earnings of $0.47 per share on revenue of $2.23 billion.
Centene's medical costs rose 93%.
Centene shares closed at $38.41 yesterday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
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