My finance view

Centene posted a profit of $22.8 million, or 45 cents a share, for the second quarter, up 13 percent from $20.2 million, or 46 cents a share, in the prior-year period, as its managed care at-risk membership rose.

The health insurer reported a 4 percent increase in revenue to $1.08 billion for the quarter ended June 30, up from $1.04 billion a year earlier.

Analysts had expected an average profit of 42 cents a share on revenue of $1.1 billion, according to Thomson Reuters.

Centene said its quarter-end managed care at-risk membership totaled 1,531,800, an increase of 242,800 members, or 19 percent year-over-year No teletrack payday loans.

Last month, the city of O’Fallon, Mo., approved $24 million in bonds to help finance Centene's new data center.

St. Louis-based Centene (NYSE: CNC), led by Chairman and CEO Michael Neidorff, provides managed care programs and related services to individuals under Medicaid. It reported revenue of $4.1 billion in 2009.

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