Centene forecasts Q3 profit below estimates on Medicaid hit – ET HealthWorld

Centene forecasts Q3 profit below estimates on Medicaid hit – ET HealthWorld

London: Centene forecast third-quarter profit below Wall Street estimates on Tuesday as the health insurer anticipated an increase in medical costs in the government-backed Medicaid program. States began reassessing eligibility for enrollment in Medicaid last year, following the termination of a policy that required insurers to keep low-income Americans enrolled through the COVID-19 pandemic. The … Read more

Indigo Q1 Results preview: PAT may decline by up to 28% YoY on weak load factor, Delhi T1 crisis

Indigo Q1 Results preview: PAT may decline by up to 28% YoY on weak load factor, Delhi T1 crisis

India’s largest airline by market share, InterGlobe Aviation is expected to report a sharp decline in its year-on-year net profit for the three-month period ended June 30, 2024. The profit after tax (PAT) is seen in the range between Rs 2,135 crore – Rs 2,430 crore for April-June according to estimates by a couple of … Read more

Bajaj Finance Q1 Preview: PAT may rise 16% YoY; NII should see strong growth

Bajaj Finance Q1 Preview: PAT may rise 16% YoY; NII should see strong growth

Leading NBFC Bajaj Finance is expected to post healthy growth in its core earnings for the first quarter ended June 2024. Net interest income for the reporting June quarter is likely to grow 26% year-on-year, according to an average estimate of four brokerages. Profit after tax (PAT), meanwhile, is seen rising 16% year-on-year. The company’s … Read more

Zimmer Biomet beats Q1 profit estimates on robust demand for knee, hip devices – ET HealthWorld

Zimmer Biomet beats Q1 profit estimates on robust demand for knee, hip devices – ET HealthWorld

London: Medtech firm Zimmer Biomet Holdings beat Wall Street estimates for first-quarter profit on Thursday, on the back of robust demand for its devices that are used in knee and hip reconstruction procedures. Zimmer’s results extend a strong quarter for medical device makers, including peer Stryker Corp which raised its annual profit outlook betting on … Read more

Apple Watch Series 8 offers ovulation estimates, crash detection – ET HealthWorld

Apple Watch Series 8 offers ovulation estimates, crash detection – ET HealthWorld

Cupertino: Apple has introduced Apple Watch Series 8 and the new Apple Watch SE that will start from ₹45,900 and ₹29,900, respectively, in India. Powered by watchOS 9, Apple Watch Series 8 and Apple Watch SE are available to order now, with availability beginning September 16. Apple Watch Series 8 features a large, Always On … Read more

IndusInd Bank Q4 results: Net profit soars 190% to Rs 876 cr, beats estimates; firm to pay Rs 5 dividend

IndusInd Bank Q4 results: Net profit soars 190% to Rs 876 cr, beats estimates; firm to pay Rs 5 dividend

MUMBAI: today reported a 190 per cent year-on-year rise in its net profit for the quarter ended March to Rs 876 crore, which was above analysts’ estimates. The lender reported a net interest income of Rs 3,534.6 crore for the reported quarter, which was also higher than analysts’ estimates of Rs 3,476 crore. The lender’s … Read more