Pharmacy benefits manager Express Scripts Holding Co. (ESRX) reported net income for the first quarter of $373.0 million or $0.45 per share, compared to $267.8 million or $0.55 per share for the year-ago quarter.
For the period the company' outstanding common shares nearly doubled to 832.5 million shares from 489.7 in the same year-ago quarter.
Income from continuing operations for the latest quarter was $379.3 million or $0.45 per share, compared to $270.2 million or $0.55 per share in the prior year quarter.
Excluding items, adjusted earnings from continuing operations for the first quarter were $0.99 per share, compared to $0.73 per share in the first quarter of the prior year.
Meanwhile, revenue for the first quarter rose to $26.06 billion from $12.13 billion in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to earn $0.97 per share on revenue of $25.55 billion for the current quarter. Analysts' estimates typically exclude special items.
Looking forward, the company raised its forecast for adjusted earnings from continuing operations for 2013 to $4.23 to $4.33 per share from its prior estimate of $4.20 to $4.30 per share. Analysts currently expect the company to earn $4.26 per share for the full-year 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.