Your email has been successfully added to our mailing list.

×
0 0 0 0 0 1.92270717162496E-06 0.0228802153432032 0.0267256296865987
Stock impact report

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
Opt-in for CNC alerts
Opt-in for
CNC alerts

from News Quantified
Opt-in for
CNC alerts

from News Quantified