Centene Corporation (NYSE: CNC) reported third-quarter 2019 adjusted earnings of $0.96 per share versus $0.95 per share expected.
Total revenues grew by 17% to $19 billion versus $18.43 billion expected. This was driven by the growth in the Health Insurance Marketplace business, expansions and new programs in many states, and its recent acquisitions in Spain.
As of September 30, 2019, managed care membership rose by 6% year-over-year to 15.3 million.
Looking ahead into 2019, the company now expects total revenues in the range of $73.6 billion to $74.2 billion, versus consensus estimates of $74.37 billion.
For 2019, GAAP earnings are predicted to be in the $3.04 to $3.21 per share range and adjusted earnings are anticipated to be between $4.29 and $4.49 per share. The market analysts expect earnings of $4.41 per share for the full year.
Shares of KB Home (NYSE: KBH) were up slightly on Friday. The stock has dropped 40% year-to-date and 35% over the past 12 months. The company delivered mixed results for
Warehouse behemoth Costco Wholesale Corporation (NASDAQ: COST) has reported a 15% increase in fourth-quarter 2022 revenues, which translated into double-digit growth in net income. Fourth-quarter revenues increased sharply to $72.09 billion.
Cargo giant FedEx Corporation (NYSE: FDX) Thursday reported a decline in first-quarter adjusted earnings, despite an increase in revenues. The company also provided guidance for fiscal 2023. Net income, adjusted