Centene Corp. announced its second quarter fiscal year 2017 earnings, headlined by a strong performance on its ACA exchange offerings, Reuters reports.
Here's what you should know:
1. The payer posted earnings of $1.59 per share for the second quarter.
2. The payer had 12.2 million members in individual plans during the second quarter, a 7 percent increase year-over-year.
3. Centene's adjusted profit was $1.42 per share, which beat analyst estimates of $1.32 per share.
4. Revenues also increased, rising 9.7 percent to $11.95 billion.
6. Concerning rest-of-year outlooks, Centene increased its forecast, expecting earnings between $4.70 per share and $5.06 per share.