Centene expects greater revenue, profits in 2012

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Centene expects greater revenue, profits in 2012
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Centene Corp. expects to report growth in sales and net income in 2012, company officials told the Securities and Exchange Commission in a filing today.

The Clayton-based manager of health care services, expects revenue of $7.2 billion to $7.6 billion in 2012, and earnings of $2.60 to $2.80 per share. Securities analysts polled by Bloomberg had forecast revenue of $7.09 billion and earnings of $2.61 per share.

Centene shares closed Friday at $38.31, up $2.68 or 7.5 percent.

Read more from Jim Doyle, who covers the business of health care for the Post-Dispatch. On Twitter, follow the Business section @postdispatchbiz.   

Copyright 2012 stltoday.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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