Medco Health Solutions Inc.
MEDCO HEALTH SOLUTIONS INC. (Franklin Lakes NJ), the nation's largest stand-alone prescription benefits manager, posted a jump of 16% in third-quarter income, beating Wall Street's expectations. Medco managers credited the early release of some generic medications, including versions of the popular high blood-pressure treatments Toprol XL and Coreg, as well as strong mail-order volume. Medco said net income climbed to $214.7 million, or 78 cents a share, from $185.8 million, or 62 cents, a year ago. Excluding unusual items, Medco earned 88 cents a share, beating analysts' EPS estimates by 9 cents. Revenue rose 4% to $10.92 billion.