February 4, 2020 / 11:11 AM / 18 days ago

Centene posts 13.3% fall in fourth-quarter profit

Feb 4 (Reuters) - Centene Corp reported a 13.3% fall in quarterly profit on Tuesday, hurt by higher medical costs.

Net earnings attributable to Centene fell to $209 million, or 49 cents per share, in the fourth quarter ended Dec. 31, from $241 million, or 57 cents per share, a year earlier.

Total revenue of the company, which last month closed its $15.27 billion buyout of smaller rival WellCare Health Plans, rose to $18.86 billion from $16.56 billion. (Reporting by Manojna Maddipatla and Tamara Mathias in Bengaluru; Editing by Maju Samuel)

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