Centene (CNC) Reports Q4 Loss of $1.19 per Share, Beats Analyst Estimates

Centene Corp. (CNC) reported a fourth-quarter loss of $1.19 per share, or $1.1 billion, adjusted to exclude one-time items. Revenue for the quarter totaled $49.73 billion, exceeding the $48.24 billion average estimate. For the year, the company posted a loss of $6.67 billion, or $13.53 per share, and revenue of $194.78 billion. It now expects full-year revenue between $186.5 billion and $190.5 billion.