Centene: 2Q Earnings Snapshot

July 24, 2018

ST LOUIS (AP) _ Centene Corp. (CNC) on Tuesday reported second-quarter net income of $300 million.

On a per-share basis, the St. Louis-based company said it had net income of $1.50. Earnings, adjusted for one-time gains and costs, came to $1.80 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.

The healthcare company posted revenue of $14.18 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $13.88 billion.

Centene expects full-year earnings in the range of $6.80 to $7.16 per share, with revenue in the range of $59.2 billion to $60 billion.

Centene shares have climbed 35 percent since the beginning of the year. The stock has risen 61 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNC at https://www.zacks.com/ap/CNC

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