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Centene Corporation Q3 adjusted earnings Beat Estimates

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Centene Corporation (CNC) announced earnings for its third quarter that increased from the same period last year.

The company's earnings totaled $584 million, or $0.99 per share. This compares with $568 million, or $0.97 per share, in last year's third quarter.

Excluding items, Centene Corporation reported adjusted earnings of $745 million or $1.26 per share for the period.

Analysts had expected the company to earn $1.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.4% to $32.41 billion from $29.09 billion last year.

Centene Corporation earnings at a glance:

-Earnings (Q3): $745 Mln. vs. $741 Mln. last year.
-EPS (Q3): $1.26 vs. $1.26 last year.
-Analysts Estimate: $1.25
-Revenue (Q3): $32.41 Bln vs. $29.09 Bln last year.

-Guidance:
Full year EPS guidance: $5.05 - $5.15
Full year revenue guidance: $125.2 - $126.4 Bln

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