Centene raises FY23 adjusted EPS view to at least $6.45 from at least $6.40

Raises FY23 revenue view to $147.3M-$149.3M from $144.5B-$146.5B, consensus $146.51B. Sees FY23 effective tax rate 22.5%-23.5%. The company said, “The Company is increasing its 2023 premium and services revenues guidance range by $1.8 billion to reflect an additional $1.0 billion of Medicaid and Commercial premiums as well as $800 million for Medicaid state-directed payments. The Company is also increasing its 2023 adjusted diluted EPS guidance by $0.05 to at least $6.45.”