| (USD) | Dec 2023 | Q/Q |
|---|---|---|
| Revenue | 35.3B | +1% |
| Gross Profit | 34.4B | - |
| Cost Of Revenue | 961MM | +12% |
| Operating Income | -194MM | -126% |
| Operating Expenses | 34.6B | - |
| Net Income | 45MM | -90% |
| G&A | 3.5B | +14% |
| Amortization | 176MM | -2% |
| Interest Expense | 183MM | +1% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Centene (CNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Health insurance stocks have been so battered this year that it doesn’t take much good news to move them higher. On Tuesday, UnitedHealth said its first-quarter adjusted earnings topped Wall Street’s estimates, despite a cyberattack on one of its units that weighed on the healthcare and insurance company’s results. Crucially for investors, UnitedHealth’s results implied that if one strips out some one-time costs associated with the cyberattack earlier this year, its core medical-loss ratio—a k...
UnitedHealth topped earnings estimates on Tuesday, despite costs incurred from the Change Healthcare cyberattack.
Friday, the Agency for Health Care Administration announced contracts to five health plans due for the re-procurement of the Statewide Medicaid Managed Care (SMMC) program. Florida has finally announced its long-awaited Medicaid contract awards, keeping Centene Inc (NYSE:CNC), Elevance Health Inc (NYSE:ELV), and Humana Inc (NYSE:HUM) as the only providers in each state region. Stephens noted that Centene and Elevance Health re-procured specialty contracts (MMASC) while Centene also retained its
UnitedHealth earnings on Tuesday will offer an update on concerning medical utilization trends. Centene and Molina stocks are moving on Medicaid news.
Meanwhile, Centene, Elevance and Humana held onto statewide contracts. The reprocurement was especially positive for Centene, which had been expected to lose market share, analysts said.
Centene's (CNC) Meridian secures a contract from the Michigan Department of Health and Human Services, which gives it the opportunity to better serve the health needs of the state's Medicaid members.
Former Centene executive Jim Murray will lead operations at the Walgreens-backed primary care chain, which has shut down 140 clinics in recent months.
Insurance giants have a bigger stake in this year’s presidential election after recent moves by the Biden administration cut into the profitability of Medicare Advantage plans.
Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that its subsidiary, Meridian in Michigan (Meridian), has been selected by the Michigan Department of Health and Human Services (MDHHS) to continue to serve as a Medicaid health plan for the Comprehensive Health Care Program, which serves nearly 2 million Michiganders statewide. The proposed Medicaid contracts are expected to begin on October 1, 2024, and run through