secwatch.observer — SEC 8-K summary
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Issuer:     CENTENE CORP (CNC)
CIK:        0001071739
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0001071739-24-000201
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Centene Q3 adjusted EPS $1.62, revenue $36.9B, reaffirms FY24 adjusted EPS guidance >$6.80
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- Adjusted diluted EPS of $1.62; GAAP EPS $1.36. Premium + service revenue $36.9B (+6% YoY).
- Marketplace membership +22% YoY; Medicare PDP +49% YoY; Medicaid membership declined 14% on redeterminations.
- Reaffirmed FY24 adjusted diluted EPS guidance >$6.80; updated GAAP guidance >$5.92.
- Share repurchases $1.2B in Q3 and $380M in Oct; $2.8B remaining under authorization.
- Medicare Stars: 46% of MA members in 3.5+ star plans (from ~23%); contract wins in MI, CA, IA, PA, FL.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071739/000107173924000201/0001071739-24-000201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071739/000107173924000201/cnc-20241025.htm
  HTML page:      https://secwatch.observer/filing/0001071739-24-000201

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer