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Healthcare | Health Care Plans | USA
Centene's (CNC) Earnings Top Estimates in Q4, Surge Y/Y
Centene Inc. CNC reported fourth-quarter 2018 adjusted earnings per share of $1.38, beating the Zacks Consensus Estimate of $1.33 by 3.8%. Also, the bottom line improved 42.3% year over year.
For the fourth quarter, total revenues jumped 29% to $16.6 billion from the year-ago period, primarily aided by a solid Health Insurance Marketplace business in 2018, purchase of Fidelis Care, expansions and new programs across many states in 2018 and reinstatement of the health insurer fee in 2018. However, this upside was partially offset by lower pass-through payments from California and the effect of removal of in-home support services (IHSS) program from California’s Medicaid contract. Moreover, the top line surpassed the Zacks Consensus Estimate by nearly 2%.
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https://finance.yahoo.com/news/centenes-...02285.html
![[Bild: CNCc1dl1540.png]](https://finviz.com/publish/020519/CNCc1dl1540.png)
Centene's (CNC) Earnings Top Estimates in Q4, Surge Y/Y
Centene Inc. CNC reported fourth-quarter 2018 adjusted earnings per share of $1.38, beating the Zacks Consensus Estimate of $1.33 by 3.8%. Also, the bottom line improved 42.3% year over year.
For the fourth quarter, total revenues jumped 29% to $16.6 billion from the year-ago period, primarily aided by a solid Health Insurance Marketplace business in 2018, purchase of Fidelis Care, expansions and new programs across many states in 2018 and reinstatement of the health insurer fee in 2018. However, this upside was partially offset by lower pass-through payments from California and the effect of removal of in-home support services (IHSS) program from California’s Medicaid contract. Moreover, the top line surpassed the Zacks Consensus Estimate by nearly 2%.
...
https://finance.yahoo.com/news/centenes-...02285.html
