Centene Beats Estimates, Boosts Guidance on Higher Premiums, Memberships

Centene (CNC) shares jumped in intraday trading Friday as the managed care provider reported better-thanexpected profit and sales and raised its guidance as its premium and services sales and members increased. The company posted second-quarter adjusted earnings per share (EPS) of $2.42, with revenue gaining 5.9% year-over-year to $39.84 billion. Analysts polled by Visible Alpha were expecting adjusted EPS of $2.11 on revenue of $36.79 billion. Memberships increased by 65,800 to 28.48 million. Chief Executi ...