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July 23, 2019, 7:23 a.m. EDT

Centene profit, revenue rise above expectations

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By Allison Prang

Centene Corp.'s /zigman2/quotes/208900023/composite CNC -1.37% earnings increased as revenue climbed.

Centene reported net income of $495 million, up 65% from the comparable quarter a year prior. Earnings were $1.18 a share, up from 75 cents a share.

Adjusted earnings were $1.34 a share, up from 90 cents a share. Analysts polled by FactSet were expecting $1.24 a share.

Revenue rose 29% to $18.36 billion. Analysts polled by FactSet were expecting $18.02 billion.

Managed care membership rose 17% from the comparable quarter a year earlier, the company said.

Write to Allison Prang at allison.prang@wsj.com

/zigman2/quotes/208900023/composite
US : U.S.: NYSE
$ 65.36
-0.91 -1.37%
Volume: 3.04M
June 3, 2020 4:00p
P/E Ratio
32.94
Dividend Yield
N/A
Market Cap
$37.85 billion
Rev. per Employee
$1.27M
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