ST. LOUIS — Express Scripts Holding Co. (ESRX) on Tuesday reported first-quarter net income of $441.1 million.
On a per-share basis, the St. Louis-based company said it had profit of 60 cents. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.10 per share.
The results met Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of $1.10 per share.
The pharmacy benefit manager posted revenue of $24.9 billion in the period, topping Street forecasts. Eleven analysts surveyed by Zacks expected $24.27 billion.
For the current quarter ending in June, Express Scripts expects its per-share earnings to range from $1.39 to $1.43. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.36.
The company expects full-year earnings in the range of $5.37 to $5.47 per share.
Express Scripts shares have increased 3 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 3 percent. In the final minutes of trading on Tuesday, shares hit $87.41, a climb of 24 percent in the last 12 months.
Keywords: Express Scripts, Earnings Report
All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.