Centene Corporation Reports 2019 Results
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Centene (CNC) Reports In-Line Q4 EPS, Revenues Beat
February 4, 2020 6:05 AM ESTCentene (NYSE: CNC) reported Q4 EPS of $0.73, in-line with the analyst estimate of $0.73. Revenue for the quarter came in at $18.86 billion versus the consensus estimate of $18.43 billion.
Fourth Quarter and Full Year Highlights
December 31, 2019 managed care membership of 15.2 million, an increase of 1.1 million members, or 8%, over December 31, 2018.Total revenues of $18.9 billion for the fourth quarter of 2019, representing 14% growth compared to the fourth quarter of 2018, and $74.6 billion for the full year 2019, representing 24% growth year-over-year.Health benefits ratio (HBR) of 88.4% for the fourth quarter of 2019, compared to 86.8% in the fourth quarter of... More