Express Scripts' Stock Jumps After Upbeat Profit Outlook

Express Scripts Holding Co.'s stock climbed 1.3% in light premarket trade Tuesday, after the pharmacy benefit management services company provided a 2016 profit outlook that was above expectations. Excluding non-recurring items, the company expects adjusted earnings per share in the range of $6.08 to $6.28, compared with the FactSet consensus of $6.05. Cash flow from operations are expected to be $4.6 billion to $5.1 billion for the year, just below the FactSet consensus of $5.17 billion. For 2015, the company affirmed its EPS growth outlook of 13% to 14%; the FactSet EPS consensus of $5.53 implies 13.3% growth. The stock has gained 2.9% year to date through Monday, while the S&P 500 has slipped 1.8%.

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