Plus   Neg

Centene Maintains Q2 Adj. EPS Outlook, But Trims Revenue Guidance - Quick Facts

While reporting financial results for the second quarter on Tuesday, healthcare company Centene Corp. (CNC) maintained its adjusted earnings guidance for the full-year 2020, while trimming annual revenue outlook.

For fiscal 2020, the company now projects earnings in a range of $3.04 to $3.18 per share and adjusted earnings in a range of$4.76 to $4.96 per share on revenues between $109.0 billion and $111.4 billion.

Earlier, the company expected earnings in a range of $3.06 to $3.20 per share and adjusted earnings in a range of $4.76 to $4.96 per share on revenues between $109.5 billion and $111.9 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.90 per share on revenues of $108.79 billion for the year. Analysts' estimates typically exclude special items.

Michael Neidorff, Chairman, president and CEO, stated, "Looking ahead, while we expect the national economic trajectory to remain choppy as we move through the second half of the year, we believe that the return of utilization by our members seeking treatments will be regionally driven."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets. GHSW, LLC. is recalling Trader Joe's Southwest Style Sweet Potato Sauté Bowl citing undeclared milk and egg allergens in the dressing, according to the Food and Drug Administration. The recall was initiated after it was discovered that the dressing in the bowl contains milk and egg, but are not declared on the label.
Follow RTT