BUZZ-Centene tanks in premarket trading after pulling 2025 forecast
Reuters
Jul 02, 2025
BUZZ-Centene tanks in premarket trading after pulling 2025 forecast
** Shares of health insurer Centene CNC.N fall 24.3% to $42.88 premarket
** Co withdraws its 2025 earnings forecast
** Change comes after new industry data showed a significant drop in expected revenue from its marketplace health insurance plans
** Centene had previously forecast 2025 adjusted earnings per shares of more than $7.25
** Co to report its quarterly results on July 25
** CNC has fallen 6.5% YTD
(Reporting by Rashika Singh in Bengaluru)
((Rashika.Singh@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.