Fierce Healthcare April 26, 2024
Centene Corporation is boosting its guidance for the year following a quarter where it beat the Street in both profit and revenue.
The company posted $1.16 billion in profit and $40.4 billion in total revenue for the first quarter of 2024. By comparison, Centene reported $1.13 billion in profit and $38.9 billion in revenue in the prior year quarter.
Both figures surpassed Wall Street’s expectations, according to analysts at Zacks Invesment Research.
Centene now expects at least $6.80 in earnings per share for 2024, according to the report.
“Centene’s first quarter results demonstrate the strength of our diversified platform,” CEO Sarah London said in the press release. “We are pleased to raise full year 2024 guidance as we look to...
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