Cencora Inc.Revenue of $78.36 billion fell short of estimates by 3.9%.
Health insurance providers reported strong first-quarter results, with revenues beating analyst consensus estimates by 1.4% on average. Clover Health stood out with revenue of $749.2 million, up 62% year over year and exceeding expectations by 4.8%, while also raising full-year EBITDA guidance. CVS Health posted the biggest beat, with revenue of $100.4 billion, up 6.2% and surpassing estimates by 6.3%. Centene reported $49.94 billion in revenue, up 7.1% and beating by 6.2%, though it lost 1.36 million customers. Molina Healthcare's revenue declined 3.1% to $10.8 billion, missing full-year guidance, and Cencora's revenue of $78.36 billion fell short of estimates by 3.9%. Since reporting, Clover Health's stock has surged 101%, while the group's shares are up 41.9% on average.
Cencora Inc.Revenue of $78.36 billion fell short of estimates by 3.9%.
CVS Health CorpRevenue of $100.4 billion beat estimates by 6.3%, up 6.2% YoY.
Molina Healthcare IncRevenue declined 3.1% to $10.8 billion, missing full-year guidance.
Centene CorpRevenue beat estimates by 6.2% but lost 1.36 million customers, mixed signal.
Clover Health Investments CorpRevenue grew 62% YoY, beating estimates by 4.8%, and full-year EBITDA guidance raised.