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Centene Raises Revenue Guidance - Quick Facts

Centene Corp. (CNC) said, for fiscal 2020, the company continues to project adjusted earnings per share in a range of $4.56 to $4.76. Revenue is now projected to be in a range of $110.0 billion to $112.4 billion, revised from prior guidance range of $104.8 billion to $105.6 billion.

First quarter adjusted earnings per share was $0.86, compared to $1.39, prior year. Total revenues were $26.0 billion, up 41% from previous year.

At March 31, 2020, the company had cash, investments and restricted deposits of $22.2 billion and maintained $2.0 billion of cash and cash equivalents held by unregulated entities. Total debt was at $17.3 billion.

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