ST LOUIS (AP) — ST LOUIS (AP) — Centene $CNC Corp. (CNC) on Tuesday reported third-quarter profit of $469 million.
On a per-share basis, the St. Louis-based company said it had profit of 87 cents. Earnings, adjusted for one-time gains and costs, came to $2 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The healthcare company posted revenue of $38.04 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $36.19 billion.
Centene expects full-year earnings to be $6.60 per share, with revenue in the range of $149 billion to $151 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