Centene Corp. Reports Strong Q4 and FY2022 Earnings, Exceeding Analyst Expectations
St. Louis, Missouri - Centene Corp. (CNC) released its financial results for the fourth quarter and full year ended December 31, 2022.
Key Highlights:
* Q4 Net Income: $283 million ($0.56 per share)
* Q4 Adjusted Earnings: $0.80 per share
* Q4 Revenue: $40.81 billion
* FY2022 Net Income: $3.31 billion ($6.31 per share)
* FY2022 Revenue: $163.07 billion
Analyst Consensus:
Centene's quarterly and annual results surpassed Wall Street expectations. Analysts surveyed by Zacks Investment Research had estimated earnings of $0.49 per share for Q4 and revenue of $38.96 billion.
Management Outlook:
For the full year 2023, Centene anticipates revenue in the range of $158 billion to $160 billion.
Additional Information:
Centene's stock report is available at https://www.zacks.com/ap/CNC.