ST LOUIS (AP) _ Centene Corp. (CNC) on Tuesday reported third-quarter net income of $145 million.
The St. Louis-based company said it had profit of 83 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were $1.11 per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The healthcare company posted revenue of $10.85 billion in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $10.93 billion.
Centene expects full-year earnings in the range of $4.28 to $4.38 per share, with revenue in the range of $39.4 billion to $40 billion.
Centene shares have dropped 4 percent since the beginning of the year. The stock has increased 14 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNC at http://www.zacks.com/ap/CNC
Keywords: Centene, Earnings Report
Automated Insights, source Associated Press News