Centene (CNC) Revenue — Quarter Ended Jun 30, 2023
Revenue declined slightly from the prior quarter but remained above the level reported in the same period a year ago. The sequential decrease marks a reversal from the growth trend observed in recent quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined slightly from the prior quarter but remained above the level reported in the same period a year ago. The sequential decrease marks a reversal from the growth trend observed in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$34.8B
Revenue reported for this quarter.
Quarter-over-quarter
-0.3%
Change from the immediately preceding quarter.
Year-over-year
+2.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$137.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $33.7B | +10.5% |
| Dec 31, 2022 | $33.6B | +10.0% |
| Mar 31, 2023 | $35B | +2.1% |
| Jun 30, 2023 | $34.8B | +2.6% |
Revenue performance
Revenue was lower than the immediate preceding quarter, breaking the pattern of consecutive gains. Compared with the same quarter one year earlier, revenue was higher.
Quarterly comparison
The prior quarter showed a moderate increase, while the current quarter experienced a slight decline. The year-over-year comparison indicates a continuation of the positive annual trend.
What to watch
The shift from sequential growth to a modest decline warrants attention in the upcoming quarter.