What's Behind Centene's Disappointing Q1 Update

Coming into this week, Centene Corporation (NYSE: CNC) shareholders had to feel pretty good. Although the stock has more than 30% at one point in March with the overall stock market crash, Centene's shares had rebounded sharply and were up 12% for the year.

But that momentum was put in jeopardy as Centene announced its first-quarter results before the market opened on Tuesday. Here are the highlights from the managed care company's Q1 update.

Image source: Getty Images.

Source Fool.com