Catamaran Q4 Results Top Estimates; Guides 2014 - Quick Facts

(RTTNews) - Catamaran Corp. (CTRX, CCT.TO), a provider of pharmacy benefit management services and technology, reported an improvement in fourth-quarter 2013 net income attributable to the company to $74.4 million, or $0.36 per share, from last year's $42.53 million, or $0.21 per share. Adjusted per-share earnings totaled $0.56 in the recent period. On average, 27 analysts polled by Thomson Reuters expected earnings per share of $0.54 for the quarter. Analysts' estimates typically exclude one-time items.

The firm clocked $4.53 billion of revenue in the quarter, versus $3.33 billion reported a year ago. Analysts estimated revenues of $4.04 billion for the quarter.

In addition, the company has set its full-year 2014 targets, expecting GAAP earnings per share of $1.35 - $1.50, adjusted earnings per share of $2.04 - $2.19, excluding all amortization of intangible assets, on revenues of $20 billion - $21 billion. Analysts project earnings per share of $2.41 and revenue of $20.16 billion in 2014.