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What: Shares of health-care company Centene Corporation
So what: Revenue of $1.22 billion was just slightly below expectations, but earnings and outlook got investors really excited. First-quarter earnings per share were $0.46, beating estimates by four cents, and the company expects 2011 earnings to be between $2.03 and $2.13, a three-cent increase from the previous range.
Now what: Quarterly earnings were helped by a lower health benefits ratio and increased membership. The strong earnings report helped push Centene to a new 52-week high in trading today. I think the clarity of this quarter will help push shares higher as details of the health-care shakeout become clearer to investors.
Interested in more info on Centene Corporation? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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