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Walgreen Company (NYSE:WAG) and Express Scripts (NASDAQ:ESRX) have announced a multi-year pharmacy network agreement including rates and terms under which Walgreens will be part of the broadest Express Scripts retail pharmacy network offered to new and existing clients. The companies have not revealed the new contract’s terms, and Walgreens will be included in the largest pharmacy network available to Express Scripts clients, as of September 15, 2012. Express Scripts intends to ensure a smooth transition for the plan sponsors who will wish to include Walgreens in their network.
Mellanox Technologies, Ltd. (NASDAQ:MLNX) reports a Q2 revenue of $133.5 million, consensus $133.5 million. The company has also reported a GAAP EPS of 74c. The earnings were reported last night following the close.
International Business Machines Corp. (NYSE:IBM) sustained its nearly decade-long earnings growth streak as it shook off economic fears which have undercut a number of other technology companies. The earnings increased 6 percent during the April to June period, although there was a 3 percent revenue drop. This marks the 38th consecutive quarter that IBM’s net income has grown from the previous year.
Rovi Corporation (NASDAQ:ROVI) has announced its DivX Plus streaming will be used for the ”UniPhier” series of digital television and Panasonic Corportation’s (NYSE:PC) Semiconductor Business Group Blu-ray Disc integrated circuit solutions.
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