Lisle-based SXC Health Solutions Corp. said Thursday that its first quarter profit grew 44 percent, to $26.3 million, or 42 cents a share, as the volume of prescriptions it handled rose to 34.4 million from 21.3 million a year earlier. Revenue grew 56 percent, to $1.72 billion.
The pharmacy benefits manager, or PBM, posted profits of $18.3 million, or 29 cents a share, in the quarter last year.
Despite beating analysts’ expectations, shares of SXC on Thursday fell 4.6 percent to close at $91.39.
The company, which administers prescription drug benefits for employers and insurers, said in April that it agreed to buy competitor Catalyst Health Solutions Inc. for $4.4 billion in a deal expected to close this year.
pfrost@tribune.com | Twitter: @peterfrost
