Centene: Q1 Earnings Snapshot
ST LOUIS (AP) — ST LOUIS (AP) — Centene Corp. (CNC) on Tuesday reported first-quarter earnings of $1.13 billion.
The St. Louis-based company said it had net income of $2.04 per share. Earnings, adjusted for one-time gains and costs, came to $2.11 per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.23 per share.
The healthcare company posted revenue of $38.89 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $36.31 billion.
Centene expects full-year earnings to be $6.40 per share, with revenue in the range of $144.5 billion to $146.5 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CNC">Zacks stock report on CNC at https://www.zacks.com/ap/CNC
