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Centene Corporation updates 2018 outlook & affirms 2017 guidance.

M2 EQUITYBITES-December 15, 2017-Centene Corporation updates 2018 outlook & affirms 2017 guidance

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Healthcare company Centene Corporation (NYSE:CNC) disclosed on Thursday that it expects total revenues in the USD60.0bn to USD60.8bn range for fiscal year 2018.

This marks an improvement of approximately 26% over the midpoint of the 2017 guidance range.

In 2018 fiscal year, the company anticipates diluted earnings per share in the range of USD4.63 to USD4.97, a rise of 17% from the 2017 guidance range of USD4.04 to USD4.18.

For 2017, the company affirms its revenue guidance in the prior range of USD47.4bn to USD48.2bn, diluted earnings per share of about USD4.04 to USD4.18 and adjusted diluted earnings per share of USD4.86 to USD5.04, excluding amortization of acquired intangible assets, acquisition related expenses & Penn Treaty assessment expense.

The company will reveal its full year 2017 earnings on 6 February 2018, at 06:00, with a conference call at 08:30 ET.

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Publication:M2 EquityBites (EQB)
Date:Dec 15, 2017
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