Centene Earnings Are Another Win for Health Insurer Stocks. What to Know.
Shares of Centene were rising sharply Friday after the health insurer’s earnings and sales soared past estimates. Centene stock gained 11% to $68.26 in premarket trading Friday. Through Thursday’s close,
Centene’s stock soars 14% after earnings sweep past estimates and company backs guidance
Chief Executive Sarah M. London said the company had navigated a ‘dynamic landscape’ in the quarter amid turmoil in the Medicaid business.
Centene Stock Rallies After Strong Earnings, Medicaid Comments
Centene shares rose sharply after it reassured investors that a financial squeeze in its Medicaid business would soon ease as it negotiates higher payment rates from the program. The company became the latest insurer to report strong earnings while contending with higher medical costs,
Health insurer Centene eases investor fears with better-than-expected profit
Centene beat Wall Street estimates for third-quarter earnings on strength in its commercial health insurance plans and maintained its annual profit forecast, easing investor fears after dour targets from rivals last week.
Centene’s stock soars 11% after earnings sweep past estimates
Centene Corp.’s stock soared 11% early Friday, after the managed care company and health insurer’s third-quarter earnings swept past estimates . St. Louis-based Centene posted net income of $713 million,
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