UPDATE: Catamaran Q3 Profit Down 19%
Catamaran (NASDAQ: CTRX) reported a 19% drop in its third-quarter profit.
Catamaran's quarterly net income declined to $20.5 million, or $0.10 per share, versus $25.3 million, or $0.20 per share, in the year-ago period.
Its revenue surged to $3.2 billion from $1.3 billion.
Catamaran shares closed at $47.16 yesterday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.