Centene Jumps on Raised Outlook Despite Obamacare Pressure (2)

Centene Corp. shares jumped after third-quarter profit surpassed Wall Street expectations and the health insurer raised its outlook, a potential sign of relief for investors after the company’s profit view collapsed earlier this year.

Centene now expects adjusted earnings for 2025 to be at least $2 a share, a 25-cent increase from its most recent outlook. Adjusted profit in the quarter was 50 cents a share, the company said in a statement. That compares to the average of a 15-cent loss per share projected by analysts in a Bloomberg survey. A key measure of medical costs was slightly better ...