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July 23, 2019, 6:33 a.m. EDT

Centene lifts guidance after topping second-quarter estimates

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    Centene Corp. (CNC)

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By Steve Goldstein

CNC

Centene /zigman2/quotes/208900023/composite CNC -0.64% lifted its earnings guidance after reporting a rise in second-quarter profit. The company said its second-quarter net income rose to $495 million, or $1.18 a share, from $299 million, or 75 cents a share, with revenue rising to $18.36 billion from $14.18 billion. Adjusted for items, Centene said it would have earned $1.34 a share, and it expects fiscal year adjusted earnings between $4.29 and $4.49 a share. Analysts polled by FactSet expected earnings of $1.24 a share and 2019 earnings of $4.37.

/zigman2/quotes/208900023/composite
US : U.S.: NYSE
$ 46.88
-0.30 -0.64%
Volume: 5.15M
Oct. 18, 2019 6:30p
P/E Ratio
15.41
Dividend Yield
N/A
Market Cap
$19.39 billion
Rev. per Employee
$1.27M
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