By Denny Jacob
Centene posted higher fourth-quarter revenue than a year earlier, with results coming in above what Wall Street had forecast.
The St. Louis health insurer logged earnings of $283 million, or 56 cents a share, up from $45 million, or 8 cents a share, a year earlier.
Stripping out certain one-time items, earnings came in at 80 cents a share. Analysts polled by FactSet expected 49 cents a share.
Revenue rose to $40.81 billion from $39.46 billion. Analysts polled by FactSet expected $39.36 billion.
Centene said premium and services revenues increased 3% to $36.3 billion, driven primarily by Medicaid rate increases and membership growth.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 04, 2025 06:24 ET (11:24 GMT)
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