Centene (CNC) Q2 results:
Revenues: $27,712M (+51.0%); Medicaid: $18,129M (+49.6%); Commercial: $4,136M (+6.8%); Medicare: $35,38M (+141.5%); Medicare PDP: $674M; Other: $1,235M (+37%).
Net Income: $1,206M (+143.6%); EPS: $2.05 (+73.7%); non-GAAP Net Income: $1,410M (+151.3%); non-GAAP EPS: $2.40 (+79.1%).
CF Ops: $3,474M (+55.6%).
Health benefits ratio: 82.1% (-5.3%); Managed care membership of 24.6M (+64%).
The Q2 results benefited from lower medical utilization as a result of the COVID-19 pandemic.
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