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By Chip Brian, SmarTrend Analytics Team
11/3/2009-Medco Health Solutions (NYSE:MHS) reported Q3 EPS of 75 cents, ex-items, topping consensus estimates of 72 cents. Revenues in the quarter rose 18% to $14.79 billion, and came in ahead of consensus estimates of $14.68 billion. Medco raised its full-year 2009 EPS outlook to $2.80 - $2.82 per share (vs. consensus estimates of $2.80).
David B. Snow Jr., Medco chairman and chief executive officer said, "We continue to leverage the power of our clinical innovations and highly efficient infrastructure to deliver improved care to patients, and reduced costs for the healthcare system - the essence of real healthcare reform. With a specialized patient-centric clinical model - a proven brandable difference - we expect our momentum to continue. This confidence is evident in our raised 2009 earnings guidance and strong 17 to 22 percent GAAP diluted EPS growth expected for 2010."
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