ST LOUIS (AP) — ST LOUIS (AP) — Centene Corp. (CNC) on Wednesday reported a loss of $6.63 billion in its third quarter.
The St. Louis-based company said it had a loss of $13.50 per share. Earnings, adjusted for one-time gains and costs, came to 50 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The healthcare company posted revenue of $49.69 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $47.62 billion.
Centene expects full-year earnings to be $2 per share.
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