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Express Scripts 4Q profit jumps 74 percent

March 16. 2013 7:14PM
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(AP) Express Scripts says its earnings jumped almost 74 percent as it left behind charges from last year's acquisition of Medco Health Solutions.

Express Scripts Holding Co. acquired Medco last April, making it the largest pharmacy benefits manager by far.

The company earned $504.1 million, or 61 cents per share, in the most recent quarter. Its adjusted earnings were $1.05 per share, slightly better than expected by analysts polled by FactSet.

Revenue more than doubled to $27.41 billion, also better than analysts predicted.

The St. Louis company says it expects adjusted earnings this year of $4.20 to $4.30 per share. Analysts were expecting a profit of $3.73 per share.

Associated Press

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