ST LOUIS (AP) _ Centene Corp. (CNC) on Tuesday reported a second-quarter loss of $535 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the St. Louis-based company said it had a loss of 92 cents. Earnings, adjusted for one-time gains and costs, came to $1.25 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The healthcare company posted revenue of $31.03 billion in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $30.13 billion.
Centene expects full-year earnings in the range of $5.05 to $5.35 per share, with revenue in the range of $12.33 billion to $12.53 billion.
Centene shares have risen 21% since the beginning of the year. The stock has climbed nearly 8% 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 https://www.zacks.com/ap/CNC
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