Market Overview

Centene: Q3 Earnings Insights

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Shares of Centene (NYSE:CNC) moved higher by 1.6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 31.25% over the past year to $1.26, which beat the estimate of $0.96.

Revenue of $29,090,000,000 higher by 53.30% from the same period last year, which beat the estimate of $28,230,000,000.

Guidance

Centene hasn't issued any earnings guidance for the time being.

Centene hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 27, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/vda53hqz

Technicals

52-week high: $74.70

52-week low: $43.96

Price action over last quarter: Up 0.08%

Company Overview

Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. After acquiring WellCare in early 2020, Centene serves nearly 25 million members, mostly in Medicaid (13 million), Medicare (5 million total, including 4 million in Part D plans and 1 million in Medicare Advantage), the individual exchanges (2 million), and other plans (4 million), including Tricare (West region), correctional facility, and international plans.

 

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Posted-In: Earnings News