Categories Earnings, Health Care
Earnings Summary: Centene Corp’s Q2 2024 revenue and profit increase
Healthcare service provider Centene Corporation (NYSE: CNC) on Friday announced second-quarter 2024 results, reporting an increase in revenues and adjusted earnings.
- Total revenues advanced to $39.84 billion in the second quarter from $37.61 billion in the comparable period a year earlier
- Adjusted earnings increased 15% annually to $2.42 per share during the three months
- Premium and service revenues were $36.0 billion in Q2, up 3%; memberships grew 34% in Marketplace
- The health benefits ratio was 87.6% in the June quarter, which represents an increase from 87.0% last year
- Cash flow provided by operations came in at $2.2 billion during the three months
- The company repurchased 10.7 million shares for $800 million in the second quarter
- The management reaffirmed its full-year EPS guidance at above $5.94 and adjusted EPS guidance at greater than $6.80.
- The company has agreed to sell Collaborative Health Systems, its management services division, to Astrana Health
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Broadcom (AVGO) appears to be on track to leverage huge AI opportunity
Broadcom, Inc. (NASDAQ: AVGO) reported a record high revenue for the first quarter, aided by strong demand for its AI-enabled semiconductor solutions and infrastructure software. The tech firm’s stock rallied
JD Earnings: JD.Com reports higher Q4 2024 revenue and adj. profit
China-based e-commerce company JD.com Inc. (NASDAQ: JD) has reported a double-digit increase in revenue and adjusted net income for the fourth quarter of 2024. Fourth-quarter earnings, adjusted for special items,
Costco (COST) Q2 2025 profit rises on higher sales; comp sales up 6.8%
Warehouse giant Costco Wholesale Corporation (NASDAQ: COST) has reported higher sales and net profit for the second quarter of 2025. Total comparable store sales increased by 6.8%. Revenues rose to
