Centene (NYSE: CNC) reported Q4 EPS of $1.38, $0.06 better than the analyst estimate of $1.32. Revenue for the quarter came in at $16.56 billion versus the consensus estimate of $16.4 billion.

On December 12, 2018, the Board of Directors declared a two-for-one split of Centene's common stock in the form of a 100% stock dividend to be distributed on February 6, 2019 to stockholders of record as of December 24, 2018. The impact of the stock split is not reflected in this press release, unless specifically noted.

Michael F. Neidorff, Centene's Chairman and Chief Executive Officer, stated, "We were pleased with the strong fourth quarter performance to finish another successful year. Our 2018 Adjusted Diluted EPS results were 40% higher than 2017. Looking ahead, the higher than expected membership growth in the Health Insurance Marketplace business, new contract wins and other strategic investments provide operating momentum heading into 2019."

GUIDANCE:

Centene sees FY2019 EPS of $4.11-$4.31, versus the consensus of $8.19*. Centene sees FY2019 revenue of $70.3-71.1 billion, versus the consensus of $70.22 billion.

*Note: CNC's annual guidance for 2019 on a split-adjusted basis

For earnings history and earnings-related data on Centene (CNC) click here.