NYSE:CNCHealthcare
Centene (CNC) Stock Shrugs Off EPS Surge As Medicaid Risks Linger
Centene stock barely flinched after earnings, slipping only 0.3% to about US$63.90, even though the headline numbers packed far more punch than that move suggests. The insurer lifted full year adjusted earnings per share guidance to more than US$4.80 and posted Q2 adjusted EPS of US$2.51, powered in part by risk adjustment settlements.
For a company still wrestling with unprofitable trailing twelve month results, that kind of earnings power and guidance reset is the real story. The modest...