Express Scripts Q2 Profit Tops Estimate

(RTTNews) - Express Scripts Holding Company (ESRX) reported net income for the second quarter of $515.2 million or $0.67 per share, compared to $543.0 million or $0.66 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest quarter was $939.4 million or $1.23 per share.

Revenue for the second quarter fell to $25.11 billion from $26.38 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.22 per share on revenue of $24.38 billion for the second quarter. Analysts' estimates typically exclude special items.

Looking forward, the company forecasts third quarter adjusted earnings of $1.27 to $1.31 per share.

The Company narrowed its full year 2014 adjusted earnings per share guidance from a range of $4.82 to $4.94 to a range of $4.84 to $4.92, which maintains the mid-point of $4.88.

Analysts currently expect then company to earn $1.29 per share for the third quarter and $4.86 per share for the full year 2014.