Express Scripts reports lower profit

Photo courtesy of Creative Commons
Photo courtesy of Creative Commons

Express Scripts Holding Co., the nation’s largest pharmacy benefit manager, reported lower profit in the second quarter as its volume of filled prescriptions continued to decline.

Express Scripts, which is preparing for a major expansion in its St. Louis-area operations, posted a net income of $515 million, 67 cents a share, in the quarter ended June 30, compared with $543 million, 66 cents a share, a year earlier.

EPS rose despite lower profit because Express Scripts had reduced the number of outstanding shares through buybacks. Revenue fell 5 percent to $25 billion.

Read more from the St. Louis Post-Dispatch

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