Last updated: October 24. 2013 5:37PM - 374 Views
Associated Press

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(AP) Express Scripts says its third-quarter net income climbed 9 percent, and the nation's largest pharmacy benefits manager gave a more optimistic forecast for the year.

The St. Louis company says 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. says it earned $1.08 per share.

Revenue fell 3 percent to $25.92 billion.

Analysts forecast, on average, earnings of $1.08 per share on about $25 billion in revenue.

The company raised the low end of its annual guidance.

Pharmacy benefits managers, or PBMs, run prescription drug plans for employers, insurers and other customers. They process mail-order prescriptions and handle bills for prescriptions filled at retail pharmacies.

Associated Press
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