Centene (CNC) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to both the preceding quarter and the same period a year ago. The sequential rise was modest, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to both the preceding quarter and the same period a year ago. The sequential rise was modest, while the year-over-year gain was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$35.3B
Revenue reported for this quarter.
Quarter-over-quarter
+1.1%
Change from the immediately preceding quarter.
Year-over-year
+5.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$140.1B
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 |
|---|---|---|
| Mar 31, 2023 | $35B | +2.1% |
| Jun 30, 2023 | $34.8B | +2.6% |
| Sep 30, 2023 | $35B | +3.7% |
| Dec 31, 2023 | $35.3B | +5.3% |
Revenue performance
The company reported higher revenue for the quarter, continuing the upward trajectory observed throughout the fiscal year.
Quarterly comparison
Revenue exceeded the immediately preceding quarter’s level and was also above the figure reported for the same quarter one year earlier. The year-over-year improvement was larger than the sequential change.
What to watch
The sequential revenue increase was smaller than the year-over-year gain, a pattern that may be monitored.