Phillips 66 PSX shares are trading lower after it reported first-quarter FY24 results. Revenue of $36.436 billion exceeded the consensus of $33.075 billion. Adjusted EPS of $1.90 missed the consensus of $2.17. Midstream segment adjusted pre-tax income stood at $613 million, vs. $754 million in the fourth quarter of fiscal 2023. The Chemicals segment adjusted pre-tax income.
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US consumer sentiment fell in April on dimmer views of personal finances and the economy as inflation expectations climbed.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingHuawei’s New Phone Runs Latest Version of Made-in-China ChipUS Economy Slows and Inflation Jumps.
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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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