UPDATE 3-Centene maintains 2020 outlook, but warns of higher medical costs [Reuters (UK)]
Centene Corporation (CNC)
Last centene corporation earnings: 4/28 06:00 am
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Source: Reuters
Centene maintains 2020 outlook, but warns of higher medical costs - Reuters 3 Min Read (Reuters) - Centene Corp ( CNC.N ) on Tuesday reiterated its profit target for 2020, but warned of higher medical costs in the second half of the year expecting its members to resume their elective health care procedures postponed due to the COVID-19 pandemic. Shares of the health insurer fell 7.1% at $65.80, after Centene reported a lower-than-expected profit. While several U.S. hospitals put elective surgeries on hold to free up more beds for patients diagnosed with coronavirus, some patients, leery of going to a hospital, also canceled their appointments. But members with chronic conditions and other medical needs would eventually resume those procedures, leading to significantly higher costs in the third and fourth quarter, Chief Executive Officer Michael Neidorff said in a call. The company also expects lower profits this year from its acquisition of smaller rival WellCare Health Plans Inc, a
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CNC
Earnings
- 10/29/25 - Beat
CNC
Sec Filings
- 12/4/25 - Form 144
- 12/3/25 - Form 144
- 11/10/25 - Form 8-K
- CNC's page on the SEC website