Centene climbs after raising 2026 profit forecast

** Shares of health insurer Centene CNC.N rise 2% to $69.36

** Co raises annual adjusted profit forecast to more than $5.20 per share vs previous expectation of more than $4.80 per share

** Reports Q3 medical cost ratio, the percentage of premiums spent on medical care, of 92.7% compared with analysts' average expectation of 92.84% - LSEG data

** CNC reports Q3 adjusted profit of 58 cents per share, beating estimate of 10 cents per share

** Posts Q3 revenue of $50.65 billion vs estimate of $47.12 billion

** As of last close, CNC was up 65.3% YTD