UPDATE: Centene Posts Rise In Q4 Profit
Centene (NYSE: 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.
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