Updated: Monday, 18 Feb 2013, 4:27 PM EST
Published : Monday, 18 Feb 2013, 4:27 PM EST
ST. LOUIS (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.
Ground rules for posting comments: No profanity or personal attacks. No racially charged comments. If it's not something you would say to someone's face, it's most likely inappropriate. Please comment on the subject of the story itself. If you do not follow these rules, we will remove your post. Repeat offenders will be banned from making future comments. Keep it civil, folks! WANE is not responsible for the content posted in this comment section.