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Centene (CNC) Q1 Earnings Beat on Premiums, '24 EPS View Hiked
CNCCentene(CNC) Zacks Investment Research·2024-04-26 17:15

Centene Corporation (CNC) reported first-quarter 2023 adjusted earnings per share (EPS) of $2.26, which outpaced the Zacks Consensus Estimate by 8.1%. The bottom line improved 7.1% year over year.Revenues advanced 3.9% year over year to $40.4 billion. The top line beat the consensus mark by 11%.The quarterly results benefited on the back of solid Marketplace membership growth and contract wins, which fetched improved premiums to the health insurer.  Steady growth of the Medicare business also contributed to ...