esrx

Express Scripts announced it was buying Medco for $29.1 billion in cash and stock.

Amerisource is Medco's primary supplier of pharmaceutical products for its mail-order business.

AmerisourceBergen has a potential upside of 14.9% based on a current price of $39.41 and an average consensus analyst price target of $45.29.

AmerisourceBergen (NYSE:ABC) fell 5% to $39.78 on worries that the company's worthwhile contract with Medco Health Solutions (NYSE:MHS) could be jeopardized now that it is being acquired by Express Scripts (NASDAQ:ESRX)

Equity futures are pointing higher this morning with the Dow Jones Industrial Average looking to open 72 points higher while the broader S&P500 index is looking to open over 8 points higher.

The company reaffirmed its 2011 EPS guidance of $3.15 to $3.25, ex-items, vs. consensus estimates of $3.10 per share.

George Paz, chief executive officer and chairman stated, "Our second quarter results reflect the success of our business model of alignment.

Express Scripts (NASDAQ:ESRX) reported Q2 EPS of $0.71, ahead of consensus estimates of $0.69 per share. Revenues for the quarter rose 0.6% year-over-year to $11.36 billion, topping consensus estimates of $11.31 billion.

The company sees 2011 EPS of $3.15 to $3.25, vs. consensus estimates of $3.22 per share.

George Paz, chief executive officer and chairman stated, "Our recent Drug Trend Report details over $400 billion of pharmacy-related waste in healthcare spend by Americans in 2010 alone. Optimal outcomes are best achieved with an

Express Scripts (NASDAQ:ESRX) reported Q1 EPS of $0.66, missing consensus estimates of $0.69 per share. Revenues for the quarter fell to $11.1 billion, missing consensus estimates of $11.6 billion.

The company affirmed guidance and sees 2011 EPS of $3.15-$3.25 (vs. a Street estimate of $3.22 per share).

Chairman and CEO George Paz said, "During the year, we completed the migration of NextRx membership to our systems while continuing to serve existing clients and patients.

Express Scripts (NASDAQ:ESRX) reported Q4 EPS of 71 cents, topping consensus estimates of 70 cents per share. Revenue in the quarter totaled $11.3 billion, below the Street target of $11.52 billion. EBITDA rose 35% to $658.9 milli

Monday, February 14th kicks off earnings reports from MGM Resorts (MGM) before the opening bell and Agilent Technologies (A), Marriott (MAR), and FMC Technologies (FTI) after market close. No major economic reports are scheduled f

On Tuesday, February 15th, you can expect Sirius XM Radio's (SIRI) earnings report early on the morning. Rovi Corp (ROVI), Tesla Motors (TSLA), Allscripts Healthcare (MDRX), and Dell (DELL) will be reporting their earnings in the

Here's a look at earnings and economic data for the week of February 14th.