Centene (CNC) Q2 Earnings Miss on Declining Medicaid Membership

Revenues rose 5.9% year over year to $39.8 billion. The top line beat the consensus mark by 9.1$35.1 billion, higher than the Zacks Consensus Estimate of $33 billion. The improvement came on the back of a growing customer base in the Marketplace business as a result of solid product positioning and growth in the overall market, partly offset by a decline in Medicaid membership stemming from redeterminations. As of Jun 30, 2024, ...