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Article: Express Scripts Earnings Falls
- Article from:
- AP Online
- Article date:
- November 4, 2004
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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AP Online
11-04-2004
Dateline: ST. LOUIS
Express Scripts Inc., among the nation's largest pharmacy benefit managers, said Wednesday its third-quarter earnings slid and blamed the decline on legal charges tied to shareholder and fraud lawsuits.
The suburban St. Louis company said Wednesday it earned $61.9 million, or 80 cents per share, for the three-month period ending Sept. 30. That compares with earnings of $64.5 million, or 81 cents per share, a year ago.
The latest figures include a 20-cent-per-share charge meant to bolster Express Scripts' reserves for legal costs, including for its defense of a fraud lawsuit filed by New York State and a string of shareholder lawsuits. The company also ...