Centene profit and revenue rise above expectations, full-year outlook lifted
Centene Corp. reported Tuesday first-quarter profit and revenue that rose above expectations, amid strength in its Medicare and Medicaid businesses, and raised its full-year earnings outlook. The health care services company's stock was still inactive in premarket trading. Net income rose to $849 million, or $1.44 a share, from $699 million, or $1.19 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.83 beat the FactSet consensus of $1.68. Total revenue grew 24.0% to $37.19 billion... Читать дальше...