Centene Corp. (CNC) increased full year 2023 adjusted EPS guidance by $0.05 to at least $6.45. GAAP EPS is projected to be at least $5.60. The company also increased its 2023 premium and services revenues guidance range by $1.8 billion to reflect an additional $1.0 billion of Medicaid and Commercial premiums as well as $800 million for Medicaid state-directed payments. Premium and service revenues are now expected in the range of $137.0 billion to $139.0 billion. Total revenues are anticipated to be in a range of $147.3 billion to $149.3 billion.
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