Centene Corp. reported quarterly earnings and revenue growth higher than expected, thanks to the strength of Medicare and Medicaid operations, and upgraded earnings estimates.
The net profit of the health services company increased to 849 million dollars or 1.44 dollars per share, from 699 million dollars or 1.19 dollars per share a year ago.
Excluding the extraordinary, the adjusted earnings per share of $ 1.83 were higher than $ 1.68.
Total revenue rose 24% to $ 37.19 billion, compared with estimates for $ 34.52 billion.
For 2022, the company upgraded its earnings per share estimates to $ 5.4-5.55 from a previous estimate of $ 5.3-5.5.
Source: Capital
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