Express Scripts Posts Higher Revenue, Raises Retention Rate Outlook
31 Outubro 2018 - 6:10PM
Dow Jones News
By Aisha Al-Muslim
Express Scripts Holding Co. (ESRX) on Wednesday reported a
profit for the third quarter of $1.07 billion, or $1.89 a share, up
from $841.7 million, or $1.46 a share, a year earlier.
Adjusted earnings were $2.43 a share, in line with what analysts
polled by Refinitiv were expecting.
Revenues for the pharmacy-benefits manager rose 3.6% to $25.56
billion, ahead of the consensus forecast of $25.04 billion.
The company now expects its 2019 retention rate for the 2018
selling season to exceed 98%, its all-time high, compared with its
previous outlook of between 97.5% and 98.5%. The company also
expects to grow its core business adjusted claims by 2% to 3% in
2019.
The pending acquistion of Express Scripts by Cigna Corp. (CI) is
expected to be completed by Dec. 31, after the proposed del was
cleared by the U.S. Department of Justice in September.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
October 31, 2018 16:55 ET (20:55 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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