Healthcare insurer Centene Corporation (CNC) on Tuesday announced net loss of $535 million or $0.92 per share in the second quarter compared with net income of $1.206 billion or $2.05 per share in the same quarter a year ago.
During the second quarter, the company recorded a legal settlement reserve estimate of $1.25 billion.
Excluding items, earnings of $1.25 per share missed the average estimate of nineteen analysts polled by Thomson Reuters at $1.39 per share. analysts estimates typically exclude special items.
Revenue for the quarter increased 12% to $31.025 billion from $27.712 billion last year. The consensus estimate was for $30.15 billion.
Premium in the second quarter grew to $27.627 billion from $24.745 billion a year ago.
Looking forward to the full-year, revenue is expected in the range of $123.3 billion- $125.3 billion and adjusted EPS to be between $5.05 and $5.35.
Analysts expect the company to report earnings of $5.2 per share on revenue of $120.76 billion for the period.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.