Express Scripts Increases Earnings Guidance; Appoints James Havel As CFO

(RTTNews) - Express Scripts Holding Company (ESRX) increased its guidance for 2017 adjusted earnings per share to a range of $6.97 to $7.05, from a range of $6.95 to $7.05, which represents growth of 10% over 2016 adjusted earnings per share results at the mid-point of the range.

For the fourth quarter, adjusted earnings per share is estimated to be in the range of $2.03 to $2.11, which represents growth of 8% to 12% over the fourth quarter of 2016. The company expects total adjusted claims for the fourth quarter to be in the range of 347 million to 363 million.

Third-quarter adjusted earnings per share was $1.90, up 9% from prior year. Adjusted claims were 343.6 million, down 1%.

Separately, Express Scripts announced that James Havel, who previously served as Executive Vice President, has been named Executive Vice President and Chief Financial Officer, effective October 25, 2017. Eric Slusser, Executive Vice President and Chief Financial Officer, is leaving the company to pursue other opportunities, but will stay with the company through the first quarter of 2018 in order to ensure a smooth transition.