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Centene Corp.'s stock CNC, -0.67% rose 2.7% early Friday, after the managed healthcare provider blew past earnings estimates for the first quarter and raised its full-year guidance. St. Louis-based Centene had net profit of $1.163 billion, or $2.16 a share, for the quarter, up from $1.130 billion, or $2.04 a share, in the year-earlier period.
Centene's (CNC) first-quarter earnings are likely to reflect significant growth in commercial marketplace membership.
Beyond analysts' top -and-bottom-line estimates for Centene (CNC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
Centene (CNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Centene's (CNC) Meridian secures a contract from the Michigan Department of Health and Human Services, which gives it the opportunity to better serve the health needs of the state's Medicaid members.
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CNBC's Bertha Coombs reports on what's driving health insurer stocks lower.
The rate adds more pressure on insurers already grappling with high medical costs and uncertainty after the cyberattack on UnitedHealth Group's tech unit.
UnitedHealth, Humana and other big health insurers fell Monday night on lower-than-expected Medicare Advantage rates for 2025.
Centene Corporation is a managed health insurance services provider and an American success story. The company is a leading Medicaid-managed care corporation servicing millions of low-income individuals across all 50 states. Centene's market cap has grown to $42 billion, and its valuation metrics suggest potential for long-term growth and profitability.