THE RESULTS: Pharmacy benefits manager Medco Health Solutions Inc.'s first-quarter profit rose 4 percent to $333.1 million, or 80 cents per share, on a 4 percent boost in revenue to $17.02 billion. Excluding charges, Medco earned 91 cents per share.
THE IMPACT: The results were driven by a rise in the volume of mail-order generic drug prescriptions and retail prescriptions and topped expectations. Analysts polled by FactSet expected 88 cents per share and $17.06 billion in revenue.
LOOKING AHEAD: The company expects 2011 profit, excluding amortization costs, between $4.02 and $4.12 per share, while analysts expect $4.07 per share.