Express Scripts Q1 Profit Meets Estimate

(RTTNews) - Express Scripts Holding Co. (ESRX) reported first quarter net income of $441.1 million, or $0.60 per share, compared to $328.3 million or $0.42 per share for the year-ago quarter.

Excluding items, adjusted earnings for the latest quarter were $1.10 per share.

Revenue for the first quarter rose 5% to $24.90 billion from $23.69 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.10 per share on revenue of $24.34 billion for the first quarter. Analysts' estimates typically exclude special items.

Looking forward, the company forecasts second quarter adjusted earnings of $1.39 to $1.43 per share.

The Company narrowed its full year 2015 adjusted earnings per share guidance from a range of $5.35 to $5.49 to a range of $5.37 to $5.47, which maintains the mid-point of $5.42.

Analysts currently expect the company to earn $1.37 per share for the second quarter and $5.43 per share for the full year 2015.