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Express Scripts matches 1Q net income expectations, tops revenue forecasts

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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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESRX at http://www.zacks.com/ap/ESRX

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Keywords: Express Scripts, Earnings Report

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