According to Benzinga Pro, during Q3, Centene (NYSE:CNC) earned $969.00 million, a 355.67% increase from the preceding quarter. Centene also posted a total of $32.41 billion in sales, a 4.45% increase since Q2.
Centene (NYSE:CNC) reported its Q3 earnings results on Tuesday, October 26, 2021 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Centene beat their estimated earnings by 0.8%, which did not surprise analysts.
Centene (NYSE:CNC) reported quarterly earnings of $1.26 per share which beat the analyst consensus estimate of $1.25 by 0.8 percent. This is unchanged from the same period last year. The company reported quarterly sales
If history is any guide, there may be trouble ahead for shares of Centene(NYSE:CNC). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.