26.04.2024 12:09:00 - dpa-AFX: Centene Corporation Q1 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Centene Corporation (CNC) released earnings for its
first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $1.16 billion, or $2.16 per share. This compares
with $1.13 billion, or $2.04 per share, in last year's first quarter.
Excluding items, Centene Corporation reported adjusted earnings of $1.22 billion
or $2.26 per share for the period.
Analysts on average had expected the company to earn $2.08 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 3.9% to $40.41 billion from $38.89
billion last year.
Centene Corporation earnings at a glance (GAAP) :
-Earnings (Q1): $1.16 Bln. vs. $1.13 Bln. last year.
-EPS (Q1): $2.16 vs. $2.04 last year.
-Revenue (Q1): $40.41 Bln vs. $38.89 Bln last year.
-Guidance:
Full year EPS guidance: $6.80
Full year revenue guidance: $147.5 - $150.5 Bln
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