Centene's First-Quarter Surge: Sales Soar To $40.41B, Exceeding Expectation
Fri, Apr 26, 2024 8:10 PM

Centene's First-Quarter Surge: Sales Soar To $40.41B, Exceeding Expectation

A Flip by Riya Sharma
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Centene Corporation CNC reported first-quarter sales of $40.41 billion, up 11% Y/Y, beating the consensus of $36.14 billion. Premium and service revenues increased 4% to $36.3 billion, driven by membership growth in the Marketplace business due to strong product positioning and overall market growth, partially offset by recent divestitures in the Other segment and lower Medicaid membership.

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