CNC - Centene's Q4 Profits Reach $45M On Higher Membership Premium As Enrollments Increase | Benzinga
Centene Corporation (NYSE:CNC) reported fourth-quarter sales of $39.5 billion, up 11% Y/Y, beating the consensus of $36.14 billion.
The company reported a fourth-quarter net profit of $45 million, a turnaround from the loss of $(213) million a year ago.
For the fourth quarter of 2023, premium and service revenues increased 5% to $35.3 billion, driven by membership growth in the Marketplace business due to strong product positioning and overall market growth.
The company reported an adjusted EPS of $0.45, down from $0.86 a year ago, beating the consensus of $0.43.
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