Centene Q1 adjusted EPS $2.11, raises FY2023 adjusted EPS guidance to at least $6.40

CENTENE CORP

2023-Q1 EPS reported $2.04 revenue$38,889,000,000

GAAP diluted EPS $2.04; adjusted diluted EPS $2.11; premium & service revenues $35.0B (+2% YoY).
Health benefits ratio 87.0% (down from 87.3% YoY) driven by disciplined Marketplace pricing and favorable Medicare.
FY2023 adjusted EPS guidance raised to at least $6.40; 2024 adjusted EPS target updated to >$6.60.
Total at-risk membership 25.7M (+10% YoY); Marketplace membership up 52% to 3.1M.
Cash flow from operations $4.3B; repurchased 4.9M shares for $377M in Q1, additional 3M shares in April.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CENTENE CORP reported the first quarter ended March 31, 2023 results: revenue $35.0 billion, EPS $2.04. Guidance raised.

Period: the first quarter ended March 31, 2023
Revenue: $35.0 billion
EPS: $2.04
Guidance: raised
Result: reported results

Exact text from the filing

CENTENE CORPORATION REPORTS FIRST QUARTER 2023 RESULTS -- Diluted E PS of $2.04; Adjusted Diluted EPS of $2.11 -- -- Increases 2023 Full Year Guidance and Updates 2024 Target -- • Increased 2023 full year Adjusted EPS guidance to at least $6.40 driven by strong performance in its market leading Medicaid and Marketplace businesses. • Premium and service revenues of $35.0 billion in the first quarter of 2023.

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Source: SEC EDGAR

accession 0001071739-23-000114

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