Centene (CNC) Tops Q2 EPS by 4c, offers guidance

Centene (NYSE: CNC) reported Q2 EPS of $2.10, $0.04 better than the analyst estimate of $2.06. Revenue for the quarter came in at $37.61 billion versus the consensus estimate of $36.56 billion.

Increases 2023 Full Year Guidance --

Adjusted diluted EPS of $2.10, up over 18% from $1.77 in the second quarter of 2022.
Premium and service revenues of $34.8 billion in the second quarter of 2023.
Medicaid redeterminations progressing as expected.
Increases 2023 full year adjusted diluted EPS guidance by $0.05 to at least $6.45; reiterates 2024 adjusted diluted EPS floor of greater than $6.60.

For earnings history and earnings-related data on Centene (CNC) click here.

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