FX.co ★ Centene Corporation Q2 Profit Increases, Beats Estimates

Centene Corporation (CNC) reported an increase in earnings for the second quarter compared to the same period last year, surpassing analysts' expectations.

The company's net income for the quarter was $1.146 billion, or $2.16 per share, up from $1.058 billion, or $1.92 per share, in the previous year's second quarter.

Adjusting for special items, Centene's earnings amounted to $1.283 billion, or $2.42 per share.

According to data from Thomson Reuters, analysts had anticipated earnings of $2.07 per share on average, excluding special items.

The company's quarterly revenue also saw a 5.9% increase, reaching $39.836 billion, compared to $37.608 billion in the same period last year.

Summary of Centene Corporation's second-quarter performance (GAAP):

- Earnings: $1.146 billion, up from $1.058 billion in the previous year.

- Earnings per Share (EPS): $2.16, compared to $1.92 last year.

- Revenue: $39.836 billion, rising from $37.608 billion last year.

**Guidance**:

- Full-year EPS guidance: $6.80

- Full-year revenue guidance: $141.0 - $143.0 billion