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George Paz

Express Scripts outlook for 2016 sends shares flying

Express Scripts outlook for 2016 sends shares flying

Express Scripts released a 2016 earnings outlook that topped Wall Street expectations, sending shares of the nation's largest pharmacy benefits manager sharply higher before the opening bell Tuesday.

The St. Louis company forecasts adjusted earnings to range between $6.08 and $6.28 per share.

The low end of that range tops the average analyst estimate for next year by three cents, according to FactSet.

The company also expects growth of about 10 percent to 14 percent over the midpoint of its 2015 earnings outlook of $5.51 to $5.55 per share.

Analysts forecast $5.53 per share, on average, for this year.

Companies like Express Scripts run prescription drug...

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