Express Scripts Holding Company Posts EPS In-line With Estimates

On Tuesday, Express Scripts Holding Company ESRX reported third quarter 2014 earnings.

The company reported EPS in-line with estimates of $1.29 per share on revenues of $25.78 billion.

Within the release, “Third quarter net cash flow provided by operating activities was $435.1 million and the Company repurchased 14.1 million shares of common stock for $1,013.6 million during the quarter, leaving 28.8 million shares available under the current repurchase program.”

"The Company also narrowed its adjusted earnings per diluted share guidance from a range of $4.84 to $4.92 to a range of $4.86 to $4.90, which maintains the mid-point of $4.88. The new guidance range reflects year over year growth of 18% to 19% excluding UNH (see Table 8) or growth of 12% to 13% including UNH.“

Following earnings, Express Scripts Shares are trading at $73.51 down 1.2 percent.

Posted In: EarningsNews
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