Express Scripts: 2Q Earnings Snapshot

August 1, 2018

ST. LOUIS (AP) _ Express Scripts Holding Co. (ESRX) on Wednesday reported second-quarter earnings of $877.3 million.

On a per-share basis, the St. Louis-based company said it had net income of $1.55. Earnings, adjusted for non-recurring costs, came to $2.22 per share.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share.

The pharmacy benefit manager posted revenue of $25.64 billion in the period, which also beat Street forecasts. Twelve analysts surveyed by Zacks expected $25.36 billion.

For the current quarter ending in October, Express Scripts expects its per-share earnings to range from $2.40 to $2.45. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.43.

The company expects full-year earnings in the range of $9 to $9.14 per share, with revenue ranging from $99 billion to $102 billion.

Express Scripts shares have increased slightly since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 5 percent. In the final minutes of trading on Wednesday, shares hit $74.84, a rise of 20 percent in the last 12 months.


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 https://www.zacks.com/ap/ESRX

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