Centene reports Q3 adjusted EPS 50c, consensus (16c)

Reports Q3 revenue $49.69B, consensus $47.83B. Adjusted EPS includes a 10c benefit of a low adjusted effective tax rate in the quarter as compared to the expected full year adjusted effective tax rate of 20%-21%.”Our third quarter results and increased full year outlook demonstrate tangible progress against the near-term milestones we laid out for investors in July,” said CEO of Centene (CNC), Sarah M. London. “While much work remains ahead, our organization remains focused on driving margin improvement, delivering outcomes for our members, and positioning the business for long-term success.”