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VOL. 127 | NO. 94 | Monday, May 14, 2012

Express Scripts Stock Rises After Q1 Growth Report

AP

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Shares of Express Scripts are climbing after the pharmacy benefits manger reported prescription growth in its first quarter since splitting with drugstore chain Walgreen.

Express Scripts says adjusted prescriptions totaled nearly 193 million in its first quarter, up 3.6 percent compared to last year. That figure treats 90-day mail-order prescriptions as three regular, 30-day prescriptions.

Walgreen had filled prescriptions for Express Scripts before a contract between the companies ended last year. Express Scripts officials say the split has helped their mail-order business.

Express Scripts said Thursday evening its first-quarter profit fell 18 percent as it incurred costs to close the $29 billion acquisition of competitor Medco Health Solutions. That deal closed April 2.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
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