Centene Hikes 2026 Profit Guidance After Buoyant Q1

Centene hikes 2026 profit guidance after buoyant Q1

The insurer, a mainstay in government programs like Medicaid and the ACA exchanges that have been wracked by higher spending, successfully controlled costs in the quarter, leading to $1.5 billion in profit.

Centene raises 2026 profit forecast on improving cost controls

"We continue to make tangible progress in our margin recovery efforts," said Chief Executive Officer Sarah London.

Centene stock rises as earnings beat, outlook lifted on cost cuts

Shares of Centene Corporation rose about 14% on Tuesday after the company reported stronger-than-expected first-quarter results, driven by cost controls and steady premium growth.The St. Louis-based managed-care company posted net earnings of $1.54 billion, or $3.11 per share, up from $1.31 billion, or $2.63 per share, a year earlier. On an adjusted basis, earnings came in at $3.37 per share, significantly above analyst expectations of $2.23 per…