ST LOUIS (AP) — ST LOUIS (AP) — Centene Corp. (CNC) on Friday reported first-quarter earnings of $1.31 billion.
On a per-share basis, the St. Louis-based company said it had profit of $2.63. Earnings, adjusted for one-time gains and costs, came to $2.90 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.36 per share.
The healthcare company posted revenue of $46.62 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $43.47 billion.
Centene expects full-year revenue in the range of $164 billion to $166 billion.
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