BUZZ-Centene shares rise after raising 2026 earnings forecast

October 27 - ** Health insurance company Centene (CNC.N) shares rose 2% to $69.36

** The company raised (link) its annual adjusted earnings per share forecast to over $5.20, previously expected to be over $4.80

** The company reported a third quarter medical cost ratio (the proportion of premiums spent on medical care) of 92.7%, compared with analysts’ average expectation of 92.84%—according to LSEG data

** CNC reported third quarter adjusted earnings per share of $0.58, beating the expectation of $0.10 per share

** Third quarter revenue was $50.65 billion, higher than the expected $47.12 billion

** As of the close of the previous trading day, CNC had risen 65.3% so far this year

(To facilitate non-native English speakers, Reuters automatically translates its reports into several other languages. Because automated translation may contain errors or lack required context, Reuters does not guarantee the accuracy of the automated translation and provides it solely for readers’ convenience. Reuters accepts no liability for any damage or loss arising from the use of the automated translation feature.)