Express Scripts Shares Fall After Company Misses Revenue Expectations

Express Scripts Holding Co. shares fell late Monday as the pharmacy-benefit management company's second-quarter revenue fell short of Wall Street expectations. Express Scripts said it earned $721 million, or $1.13 a share, in the second quarter, up 20% from the year-ago period. Adjusted for one-time items, the St. Louis-based company said it earned $999 million, or $1.57 a share, in the quarter, compared with $1.44 a share in the second quarter of 2015. Sales reached $25.2 million in the quarter, down slightly from $25.4 million a year ago. Analysts polled by FactSet had expected the company to earn adjusted earnings of $1.57 a share on sales of $25.4 million.