Express Scripts (ESRX) Reports In-Line Q3 EPS

Express Scripts (NASDAQ: ESRX) reported Q3 EPS of $1.29, in-line with the analyst estimate of $1.29. Revenue for the quarter came in at $25.78 billion versus the consensus estimate of $24.93 billion.

Express Scripts sees Q4 2014 EPS of $1.36-$1.40, versus the consensus of $1.38.

"Strength in our Enterprise portfolio, including both Core and Unified Communications product groups contributed to solid revenue growth and stronger earnings per share growth," stated Ken Kannappan, President & CEO. "We believe new products are positioning us well for continued leadership in all of our major markets. We're especially pleased with industry reception to our first significant product introduction for the Contact Center category in 10 years."

"We are managing the company with a focus on improving our operating margins and are pleased with the improvement year over year. While our gross margins were very strong this quarter, we continue to expect long-term Non-GAAP gross margins to be in the 50% to 52% range as UC grows to represent a larger portion of the revenue mix," said Pam Strayer, Senior Vice President and Chief Financial Officer. "We're also pleased with our improved inventory levels and collections results."

For earnings history and earnings-related data on Express Scripts (ESRX) click here.

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