Centene Corp. (CNC), a for-profit healthcare company, on Tuesday reported higher net income in the first quarter of 2026 compared with the previous year despite a decline in Marketplace and Medicaid membership and a slightly higher effective tax rate.
For the first quarter, net income attributable to the company increased to $1.54 million from $1.31 million in the previous year.
Earnings per share were $3.11 versus $2.63 last year.
On the adjusted basis, net income rose to $1.67 million from $1.45 million in the same period a year ago.
Adjusted earnings per share were $3.37 versus $2.90 last year.
Earnings from operations jumped to $1.86 million from $1.53 million in the prior year.
Revenue increased to $49.94 million from $46.62 million in the previous year.
Premium and service revenue rose to $44.66 million from $46.62 million a year ago.
Looking ahead, the company is updating its 2026 earnings per share guidance to greater than $2.37 and its 2026 adjusted diluted earnings per share to greater than $3.40.
For the full year 2026, the company anticipated revenue to range between $187.5 billion and 191.5 billion.
In the pre-market trading, Centene is trading 1.54% higher at $44.18 on the New York Stock Exchange.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.