Centene beats quarterly profit estimates on commercial plan strength-February 2024-www.financetom.com

Centene beats quarterly profit estimates on commercial plan strength

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Centene beats quarterly profit estimates on commercial plan strength

Nov 3, 2024 11:23 AM

Oct 25 (Reuters) - Centene ( CNC ) beat Wall Street

estimates for third-quarter profit on Friday, as strength in its

commercial insurance business outweighed the impact of high

costs related to its government-backed Medicaid plans for

low-income people.

On an adjusted basis, the health insurer earned $1.62 per

share, compared with analysts' average estimate of $1.33 per

share, according to data compiled by LSEG.

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