NEW YORK (AP) — Express Scripts says its third-quarter net income climbed 9 percent, and the nation's largest pharmacy benefits manager gave a more optimistic earnings forecast for the year.
The St. Louis company said Thursday it earned $426.7 million, or 52 cents per share. That compares to earnings of $391.4 million, or 47 cents per share, in last year's quarter. Excluding one-time items, Express Scripts Holding Co. earned $1.08 per share.
Revenue fell 3 percent to $25.92 billion.
Analysts forecast, on average, adjusted earnings of $1.08 per share on about $25 billion in revenue, according to FactSet.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
