Centene CorpCentene topped revenue estimates by 13.1% with revenues of $53.58 billion.
Health insurance providers reported strong second-quarter results, with the 12 tracked stocks beating revenue consensus estimates by 2.8% as a group. Humana posted revenues of $40.87 billion, up 26.2% year over year, exceeding expectations by 0.6%. CVS Health delivered the best quarter with revenues of $106.1 billion, up 7.3% and beating estimates by 6.7%, while Progyny was the weakest with revenues of $350.5 million, up 5.3% but missing next-quarter EBITDA guidance significantly. Oscar Health achieved the fastest revenue growth at 70.4% to $4.88 billion, and Centene topped estimates by 13.1% with revenues of $53.58 billion. Despite the beats, the group's stocks are down 5.8% on average since reporting.
Centene CorpCentene topped revenue estimates by 13.1% with revenues of $53.58 billion.
CVS Health CorpCVS Health delivered the best quarter with revenues of $106.1 billion, beating estimates by 6.7%.
Progyny IncProgyny was the weakest with revenues of $350.5 million, up 5.3% but missing next-quarter EBITDA guidance significantly.
Humana IncHumana posted revenues of $40.87 billion, up 26.2% year over year, exceeding expectations by 0.6%.
Oscar Health IncOscar Health achieved the fastest revenue growth at 70.4% to $4.88 billion.