Centene Corporation Reports Second Quarter 2020 Results
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Centene (CNC) Misses Q2 EPS by 3c, Revenues Miss; Offers FY20 Revenue Guidance Above Consensus
July 28, 2020 6:02 AM EDTCentene (NYSE: CNC) reported Q2 EPS of $2.40, $0.03 worse than the analyst estimate of $2.43. Revenue for the quarter came in at $27.71 billion versus the consensus estimate of $27.58 billion.
Second Quarter Highlights
June 30, 2020 managed care membership of 24.6 million, an increase of 9.6 million members, or 64%, over June 30, 2019.Total revenues of $27.7 billion for the second quarter of 2020, representing 51% growth compared to the second quarter of 2019.Health benefits ratio (HBR) of 82.1% for the second quarter of 2020, compared to 86.7% in... More