Monday, June 11, 2012

Earning Alert - Centene (CNC) -23.9% premarket after the Medicaid insurer cuts its full-year EPS forecast - 6/11/12

Centene (CNC) -23.9% premarket after the Medicaid insurer cuts its full-year EPS forecast to $1.45-$1.65 vs. its previously announced range of $2.64-$2.84, reflecting higher-than-expected medical costs in Kentucky and Texas as well as in its Celtic unit. CNC warns of an additional potential write down.

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