Centene Reiterates FY24 Adj. EPS Outlook - Update

RTTNews | 321 days ago
Centene Reiterates FY24 Adj. EPS Outlook - Update

(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, healthcare company Centene Corp. (CNC) said it reiterates its 2024 adjusted earnings guidance floor of greater than $6.70 per share.

Meanwhile, the company is increasing its 2024 premium and service revenues guidance range by $2.5 billion to a range of $134.5 billion to $137.5 billion to reflect additional Commercial premium revenue from a stronger than expected Marketplace open enrollment.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.81 per share on revenues of $143.73 billion for the year. Analysts' estimates typically exclude special items.

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Centene Appoints Susan Smith As COO

Centene Appoints Susan Smith As COO

Healthcare company Centene Corp. (CNC) announced Wednesday the appointment of Susan Smith as its Chief Operating Officer (COO), effective January 1, 2024. She has worked at Centene since June 2023.
RTTNews | 404 days ago
Centene Raises FY22 Outlook; Boosts Share Buyback

Centene Raises FY22 Outlook; Boosts Share Buyback

Ahead of its virtual investor meeting later on Friday, healthcare company Centene Corp. (CNC) increased its full-year 2022 adjusted earnings guidance range by $0.15 to a new range of $5.55 to $5.70 per share and increased its Premium and Service Revenues guidance range by $2.0 billion to a new range of $134.3 billion to $136.3 billion.
RTTNews | 920 days ago
U.S. New Home Sales Show Significant Rebound In November

U.S. New Home Sales Show Significant Rebound In November

After reporting a sharp pullback by new home sales in the U.S. in the previous month, the Commerce Department released a report on Monday showing a significant rebound by new home sales in the month of November. The Commerce Department said new home sales surged by 5.9 percent to an annual rate of 664,000 in November after plunging by 14.8 percent to a revised rate of 627,000 in October.
RTTNews | 6h 17min ago
U.S. Consumer Confidence Unexpectedly Deteriorates In December

U.S. Consumer Confidence Unexpectedly Deteriorates In December

Consumer confidence in the U.S. has unexpectedly deteriorated in the month of December, according to a report released by the Conference Board on Monday. The Conference Board said its consumer confidence index tumbled to 104.7 in December from an upwardly revised 112.8 in November.
RTTNews | 6h 19min ago
U.S. Durable Goods Orders Pull Back More Than Expected In November

U.S. Durable Goods Orders Pull Back More Than Expected In November

New orders for U.S. manufactured durable goods slumped by much more than expected in the month of November, according to a report released by the Commerce Department on Monday. The report said durable goods orders tumbled by 1.1 percent in November after climbing by an upwardly revised 0.8 percent in October.
RTTNews | 6h 29min ago
FSIS Announces Recalls Of Pork, Beef Products

FSIS Announces Recalls Of Pork, Beef Products

The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has announced various recalls of ready-to-eat or RTE pork and beef bologna products, as well as raw pork sausage products. Perkins, Oklahoma-based Ralph's Packing Co. is recalling around 3,132 pounds of RTE pork and beef bologna products citing misbranding and undeclared milk, a known allergen.
RTTNews | 8h 27min ago