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News Breaks
April 9, 2012
17:16 EDTCNCCentene says absent a successful appeal will see material impairment in FY12
This announcement is not expected to impact 2012 Premium and Service revenues from Buckeye Community Health Plan. However, as result of this event, Centene will conduct a test for recoverability of the assets of Buckeye Community Health Plan including goodwill and intangible assets and expects that, absent a successful appeal, a material non-cash impairment charge will be recorded in its 2012 consolidated statement of operations for the year ended December 31, 2012. As of December 31, 2011, Buckeye Community Health Plan had goodwill and net intangible assets of approximately $42.9M.
News For CNC From The Last 14 Days
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November 20, 2015
08:26 EDTCNCManaged Medicaid names unfairly punished yesterday, says Leerink
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07:40 EDTCNCCentene price reaction does not make sense, says UBS
UBS said the price decline in Centene (CNC) shares on concerns surrounding the insurance exchange business following yesterday's comments from UnitedHealth (UNH) does not make sense. The firm said Centene only covers 156,000 lives via the exchanges and although they are not expecting any improvement next year, they are not expecting any deterioration either. UBS reiterated its Buy rating and $80 price target on Centene shares.
November 19, 2015
19:19 EDTCNCOn The Fly: After Hours Movers
UP AFTER EARNINGS: Intuit (INTU), up 8.1%... Ross Stores (ROST), up 8.2%. ALSO HIGHER: Cabela's (CAB), up 7.5% after Bloomberg reported that the company is receiving takeover interest... Nike (NKE), up 3.4% after announcing a $12B repurchase program, a two-for-one stock split, and that it will raise its dividend... Centene (CNC), up 2.4% after reiterating its fiscal 2015 earnings per share guidance... Universal Insurance (UVE), up 2.7% after announcing a new $10M share repurchase program. DOWN AFTER EARNINGS: Nimble Storage (NMBL), down 36.9%... Mentor Graphics (MENT), down 26.2%... Workday (WDAY), down 5.5%... Wesco Aircraft (WAIR), down 1.4%... Williams-Sonoma (WSM), down 3.7%... Zoe's Kitchen (ZOES), down 3.6%... Momo (MOMO), down 3.3%... Autodesk (ADSK), down 1%... Gap (GPS), down marginally.
17:07 EDTCNCCentene backs FY15 EPS view of $2.84-$2.90, consensus $2.88
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10:23 EDTCNCUnitedHealth selloff on guidance presents buying opportunity, says Leerink
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07:46 EDTCNCOptions expected to be active; UNH AET ANTM CI WCG HUM HNT CNC
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