Centene Corporation reported strong third-quarter 2024 earnings, significantly surpassing Wall Street estimates. The company posted a revenue of $42.02 billion, exceeding the expected $38.12 billion, and an adjusted earnings per share (EPS) of $1.62, higher than the anticipated $1.41. Centene also raised its full-year 2024 guidance, projecting revenue between $159.08 billion and $161.03 billion, up from the previous range of $155.08 billion to $157.08 billion. The company attributed its performance to the strength in its commercial insurance business, which offset higher costs in its Medicaid plans. Additionally, Centene's managed care membership rose to 28.64 million, surpassing the estimated 28.42 million. Following the earnings report, Centene’s stock surged by 14%, with an initial rise of 11%.