Centene boosts profit outlook due to robust premium growth.
(Reuters) – Centene Corp on Friday raised its full-year earnings forecast and beat Wall Street estimates for second-quarter profit on strong growth in premium collections.
The health insurer raised its 2023 full-year adjusted profit forecast by 5 cents to at least $6.45 per share.
It increased its 2023 premium and services revenue forecast range by $1.8 billion.
Excluding items, Centene earned $2.10 per share in the second quarter, above Refinitiv IBES estimates of $2.03.
(Reporting by Mariam Sunny and Leroy Leo in Bengaluru; Editing by Shinjini Ganguli)
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