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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.

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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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