Centene, Coca-Cola Soar; Spotify Plummets
About this episode
This episode discusses the biggest stock market winners and losers, focusing on Centene, Coca-Cola, and Spotify's recent financial performances.
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Centene (CNC) shares jumped after first-quarter profit exceeded Wall Street expectations and the company raised its outlook for the year in the latest sign of recovery for a US health insurance sector coming off a terrible year. Adjusted earnings of $3.37 a share surpassed all analyst estimates in a Bloomberg survey. A key gauge of medical costs came in more favorable than Wall Street views. The company boosted its earnings outlook for the year by 40 cents a share, it said in a statement Tuesday. - Spotify (SPOT) stocks plummeted the most in more than four years after the music streaming leader gave a forecast for operating income in the second quarter that missed analysts’ estimates. The Swedish company expects operating income of €630 million ($737 million) in the current quarter, it said in a statement Tuesday. That compares with analysts’ forecasts of €674.3 million. -Coca-Cola (KO) shares rose after the company's focus on smaller sizes is paying off with cash-strapped consumers as the world’s largest beverage maker boosted sales last quarter more than…
Topics covered
- stock market
- earnings report
- financial performance
- health insurance
- music streaming
- consumer behavior
- revenue growth
Keywords
- Centene
- Coca-Cola
- Spotify
- stock market
- earnings
- revenue growth
- financial outlook
- analyst estimates
- health insurance
- music streaming
Mentioned in this episode
Organizations: Centene, Coca-Cola, Spotify, Wall Street, Bloomberg
Places: US, Atlanta
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