Bulletin
Investor Alert

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

Centene profit, revenue rise above expectations

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Centene Corp. (CNC)

or Cancel Already have a watchlist? Log In

By Allison Prang

Centene Corp.'s /zigman2/quotes/208900023/composite CNC -0.64% 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
$ 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
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.