Centene tweaks 2020 guidance, warns of potential rate decrease [MarketWatch]
Centene Corporation (CNC)
Last centene corporation earnings: 4/28 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
centene.com/investors.html
Company Research
Source: MarketWatch
Centene tweaks 2020 guidance, warns of potential rate decrease Centene Corp. CNC, -2.54% shares fell 3.8% in the extended session Tuesday after the health-care manager tweaked its guidance for 2020 to reflect an acquisition and said it could face a rate reduction. Centene said it expects sales between $104.8 billion and $105.6 billion and per-share earnings between $3.00 and $3.14 for the year. It called for adjusted EPS between $4.56 and $4.76 for 2020. In the same press release, Centene also said it received notice of a potential rate decrease from the state of New York, which could result in a pre-tax net reduction around $200 million. "While not final, we have begun to develop initiatives to mitigate a portion of the potential rates for 2020," Centene said in a statement. "We currently expect $150 million of the adjustment to potentially lower our pre-tax earnings for the year, resulting in a $0.17 reduction to our GAAP and adjusted diluted earnings per share guidance." Shares
Show less
Read more
Impact Snapshot
Event Time:
CNC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CNC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CNC alerts
High impacting Centene Corporation news events
Weekly update
A roundup of the hottest topics
CNC
News
- Wall Street looking for CVS to show execution plan [Yahoo! Finance]Yahoo! Finance
- Centene Co. (NYSE: CNC) had its price target lowered by analysts at Wells Fargo & Company from $91.00 to $90.00. They now have an "overweight" rating on the stock.MarketBeat
- CENTENE SUBSIDIARY BUCKEYE HEALTH PLAN AWARDED CONTRACT TO SERVE DUAL ELIGIBILE MEDICARE AND MEDICAID MEMBERS IN OHIOPR Newswire
- MLS club St. Louis City strikes stadium naming rights deal with Energizer. What to know [USA TODAY]USA TODAY
- AcariaHealth Shines at the 2024 NASP Annual Meeting: Transforming Specialty Pharmacy [Yahoo! Finance]Yahoo! Finance
CNC
Earnings
- 10/25/24 - Beat
CNC
Sec Filings
- 10/25/24 - Form 8-K
- 10/25/24 - Form 10-Q
- 10/22/24 - Form SC
- CNC's page on the SEC website