Markets
CNC

Centene Boosts FY20 Outlook - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Tuesday, healthcare company Centene Corp. (CNC) raised its earnings, adjusted earnings and revenue guidance for the full-year 2020. For fiscal 2020, the company now projects earnings in a range of $3.22 to $3.32 per share and adjusted earnings in a range of$4.90 to $5.06 per share on revenues between $109.8 billion and $111.4 billion.

Earlier, the company expected earnings in a range of $3.04 to $3.18 per share and adjusted earnings in a range of $4.76 to $4.96 per share on revenues between $109.5 billion and $111.9 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.87 per share on revenues of $110.49 billion for the year. Analysts' estimates typically exclude special items.

Michael Neidorff, Chairman, president and CEO, stated, "Looking ahead, we expect our underlying businesses to continue to perform well in an uncertain environment and remain focused on executing our growth strategy across our diversified healthcare enterprise."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CNC

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More