Centene (NYSE:CNC) Q2 results ($M): Revenues: 18,356 (+29.4%); Premium: 16,554 (+36.7%).
Net income: 495 (+65.0%); non-GAAP net income: 561 (+55.8%); EPS: 1.18 (+57.3%); non-GAAP EPS: 1.34 (+48.9%).
Cash flow ops (6 mo.): 2,233 (+69.2%).
Health benefits ratio: 86.7%.
2019 guidance: Revenues: $73.6B – 74.2B from $72.8B – 73.6B; EPS: $3.70 – 3.87 from $3.67 – 3.84; non-GAAP EPS: $4.29 – 4.49 from $4.24 – 4.44.
Shares are down 1% premarket.
Previously: Centene EPS beats by $0.10, beats on revenue (July 23)
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