- Centene (NYSE:CNC +1.8%) Q3 results ($M): Revenues: 4,351.9 (+55.7%); Premiums: 3,780.3 (+44.6%); Services: 378.8 (+236.7%); Medical Costs: 3,390.1 (+47.8%); Operating Expenses: 4,243,9 (+56.5%); Operating Income: 107.9 (+28.5%); Net Income: 79.2 (+62.0%); EPS: 1.36 (+56.3%); Quick Assets: 1,583.0 (+52.5%); CF Ops: 441.8.
- Health Benefits Ratio: 89.7% (+2.2%).
- Total Membership: 3,705,300 (+41.8%); Medicaid: 2,578,300 (+32.0%).
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2014 Guidance: Premium and service revenues: $15.3B - 15.8B from $15.0B - 15.5B; EPS: $4.35 - 4.50 from $3.70 - 3.90; Health Benefits Ratio: 88.9 - 89.4% from 88.7 - 89.2%; G&A expense ratio: 8.2 - 8.6% from 8.5 - 9.0%; effective tax rate: 40 - 42% from 49.5 - 50.5%.