ST LOUIS (AP) — ST LOUIS (AP) — Centene Corp. (CNC) on Tuesday reported first-quarter profit of $1.54 billion.
On a per-share basis, the St. Louis-based company said it had profit of $3.11. Earnings, adjusted for one-time gains and costs, were $3.37 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.
The healthcare company posted revenue of $49.94 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $47.47 billion.
Centene expects full-year revenue in the range of $187.5 billion to $191.5 billion.
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