Fierce Healthcare February 6, 2024
Centene posted $45 million in profit for the fourth quarter of 2023, with its profitability for the full year growing notably compared to 2022.
The company released its earnings report Tuesday morning, in which it also noted $39.5 billion in total revenue for the quarter. Both figures surpassed Wall Street analysts’ expectations, according to Zacks Investment Research.
By comparison, Centene reported a $213 million loss and $35.6 billion in revenue for the fourth quarter of 2022.
For the full year, the company brought in $2.7 billion in profit and $154 billion in revenue, according to the report. In 2022, full-year profits were $1.2 billion, and revenues were $143.2 billion.
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