Centene (CNC) Tops Q2 EPS by 17c

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Go back to Centene (CNC) Tops Q2 EPS by 17c

CENTENE CORPORATION REPORTS SECOND QUARTER 2022 RESULTS

July 26, 2022 6:00 AM EDT

-- Diluted Loss Per Share of $(0.29), including real estate charge; Adjusted Diluted EPS of $1.77 --

Total revenues up 16% from the second quarter of 2021 driven by organic Medicaid and Medicare growth.Health benefits ratio (HBR) of 86.7%, largely driven by Marketplace.Execution of Value Creation Plan through real estate optimization, divestitures, and share repurchases.Increased 2022 full-year adjusted diluted EPS guidance by another $0.05 (to a range of $5.60 to $5.75), reflecting a $0.20 cumulative increase above our April guidance.

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