Centene (CNC.N) shares fell 5.7% after the insurer released its 2026 outlook, which included an adjusted profit forecast topping $3 per share, surpassing Wall Street expectations. However, the company’s revenue projection of $186.5 billion to $190.5 billion missed the analyst consensus of $193.43 billion. The stock’s decline also reflected broader market turbulence for government-focused health insurers due to concerns over medical spending outpacing payer reimbursements.
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Centene stock slides as 2026 profit view beats estimates but revenue forecast falls short
Centene (CNC.N) shares fell 5.7% after the insurer released its 2026 outlook, which included an adjusted profit forecast topping $3 per share, surpassing Wall Street expectations. However, the company’s revenue projection of $186.5 billion to $190.5 billion missed the analyst consensus of $193.43 billion. The stock’s decline also reflected broader market turbulence for government-focused health insurers due to concerns over medical spending outpacing payer reimbursements.