Plus   Neg

Centene Boosts FY20 Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, healthcare company Centene Corp. (CNC) raised its earnings, adjusted earnings and revenue guidance for the full-year 2020.

For fiscal 2020, the company now projects earnings in a range of $3.22 to $3.32 per share and adjusted earnings in a range of$4.90 to $5.06 per share on revenues between $109.8 billion and $111.4 billion.

Earlier, the company expected 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 $109.5 billion and $111.9 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.87 per share on revenues of $110.49 billion for the year. Analysts' estimates typically exclude special items.

Michael Neidorff, Chairman, president and CEO, stated, "Looking ahead, we expect our underlying businesses to continue to perform well in an uncertain environment and remain focused on executing our growth strategy across our diversified healthcare enterprise."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Santa Cruz Bicycles LLC has recalled certain model year 2020 bicycles with aluminum frames citing fall risks, according to the U.S. Consumer Product Safety Commission. The recall involves about 2,900 units of model year 2020 Auminum Santa Cruz and Juliana Bicycles. In addition, about 216 were sold in Canada. AstraZeneca is mulling an additional global trial to confirm the 90% efficacy rate of its Covid-19 vaccine candidate at lower dosage, Bloomberg news quoted Chief Executive Officer Pascal Soriot as saying. In an interview, Soriot noted that instead of adding the trial to an ongoing U.S. process, the company might launch a fresh study to evaluate efficacy of lower dosage of its vaccine that perform U.S. airline Delta Air Lines, Inc. and its Italian codeshare partner Alitalia are planning to launch quarantine-free, COVID-free flights between U.S. and Europe through new testing protocols, starting in December. In a statement, Delta said it has signed deals with airports and governments eliminating quarantine requirements on COVID-tested flights connecting Atlanta and Rome.
Follow RTT