Express Scripts Holding Co. saw net earnings reach $581 million in the fourth quarter of 2014, up 13% from the same quarter the previous year. Revenue rose 2% to $26.3 billion in the quarter from $25.7 billion in the same period the prior year, despite a drop in prescriptions being filled.
The number of adjusted claims, or monthly prescriptions filled in retail pharmacies and the company's mail-order business, fell 6.4% to 337 million in the fourth quarter from 360 million in the same period the prior year, the St. Louis-based pharmacy benefit management company said.
Looking ahead, Express Scripts projects it will have 295 million to 325 million adjusted claims in the first quarter of 2015, compared to 320 million in the first quarter in 2014. For the full year, it believes it will have between 1.28 billion to 1.32 billion adjusted claims.
Revenue for all of 2014 fell to $100.9 billion compared with $104 billion in the prior year. Net income for 2014 touched $2 billion compared with $1.8 billion in 2013.
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