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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 -0.97% 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
$ 66.25
-0.65 -0.97%
Volume: 5.28M
May 29, 2020 4:00p
P/E Ratio
33.39
Dividend Yield
N/A
Market Cap
$38.37 billion
Rev. per Employee
$1.27M
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