Express Scripts matches 3Q earnings expectations, tops revenue forecasts

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ST. LOUIS — Express Scripts Holding Co. (ESRX) on Tuesday reported third-quarter net income of $582.3 million.

On a per-share basis, the St. Louis-based company said it had net income of 78 cents. Earnings, adjusted for one-time gains and costs, were $1.29 per share.

The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.29 per share.

The pharmacy benefit manager posted revenue of $25.78 billion in the period, which topped Street forecasts. Analysts expected $24.79 billion, according to Zacks.

Express Scripts expects full-year earnings in the range of $4.86 to $4.90 per share.

Express Scripts shares have climbed almost 6 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 7 percent. In the final minutes of trading on Tuesday, shares hit $74.41, a climb of 20 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. ESRX stock research report from Zacks.

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Keywords:Express Scripts,Earnings Report

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