Centene reported second quarter profits of $1.1 billion as Obamacare enrollment and premium revenue helped overcome a big dip in Medicaid enrollment.
Centene Corp beat Wall Street estimates for second-quarter profit on Friday following the company's announcement that it was no longer required to make a $1.3 billion payment related to its government-sponsored Medicaid offerings.
Centene forecast second-quarter adjusted profit above Wall Street estimates, saying it does not have to make a previously expected payment under a "risk adjustment" program related to its government-backed Medicaid plans.
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 June 2024.
Centene's (CNC) second-quarter results are likely to reflect growing contributions from its Commercial business.
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.
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