Health insurer reported adjusted diluted EPS of $2.51 and raised its outlook, citing premium tax revenue, improved cost management, and strength in Marketplace and Medicaid businesses.
Centene said second-quarter revenue and profit rose, with adjusted diluted EPS of $2.51, and raised its full-year outlook. The company pointed to premium tax revenue, improved cost management, and continued strength in its government-sponsored and individual healthcare businesses, including Marketplace and Medicaid. It also said adjusted EPS guidance was lifted to above $4.80.