Investing.com - Centene reported third quarter earnings that missed analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.09 on revenue of $16.18B. Analysts polled by Investing.com expected EPS of $1.77 on revenue of $16.03B. That compared to EPS of $1.35 on revenue of $11.9B in the same period a year earlier. The company had reported EPS of $1.8 on revenue of $14.18B in the previous quarter.
For the year, Centene shares are up 40.33%, outperforming the S&P 500 which is up 2.69% year to date.
Centene follows other major Healthcare sector earnings this month
On October 16, J&J (NYSE:JNJ) reported third quarter EPS of $2.05 on revenue of $20.35B, compared to forecasts of EPS of $2.03 on revenue of $20.04B.
Novartis ADR earnings beat analyst's expectations on Thursday, with third quarter EPS of $1.32 on revenue of $12.78B. Investing.com analysts expected EPS of $1.31 on revenue of $12.98B
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