ST LOUIS (AP) — ST LOUIS (AP) — Centene Corp. (CNC) on Friday reported first-quarter earnings of $1.16 billion.
On a per-share basis, the St. Louis-based company said it had net income of $2.16. Earnings, adjusted for one-time gains and costs, were $2.26 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.
The healthcare company posted revenue of $40.41 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $36.41 billion.
Centene expects full-year earnings to be $6.80 per share, with revenue in the range of $147.5 billion to $150.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNC at https://www.zacks.com/ap/CNC
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