Reuters logo
Centene profit surges due to new contracts
February 4, 2014 / 11:35 AM / 4 years ago

Centene profit surges due to new contracts

Feb 4 (Reuters) - Health insurer Centene Corp reported a nearly six-fold rise in quarterly profit, helped by new contract wins and expansion of existing contracts.

Net earnings attributable to Centene rose to $53.2 million, or 93 cents per share, in the fourth quarter from $9.1 million, or 17 cents per share, a year earlier.

Excluding discontinued operations, the company earned 84 cents per share in the quarter ended Dec. 31.

Premium and services revenue rose about 33 percent to $2.9 billion.

Analysts on average expected earnings of 83 cents per share, according to Thomson Reuters I/B/E/S.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below