* Q4 EPS 49 cents vs. est 41 cents
* Q4 revenue $443.3 mln vs. est $413.7 mln
* Sees 2010 revenue above market estimates
* Shares rise 4 pct in pre-market trade (Adds contract details, stock movement)
March 4 (Reuters) - SXC Health Solutions Corp SXCI.O SXC.TO posted a better-than-expected quarterly profit, helped by a strong growth in its pharmacy benefit management revenue, and forecast 2010 revenue above analysts’ estimates.
In a separate statement, the company said its unit won a contract from managed care firm HealthSpring Inc HS.N, with an initial term of three years with provisions for two one-year extensions.
SXC will provide HealthSpring pharmacy benefit management services like mail order pharmacy, specialty pharmacy, retail network management, Medicare compliance services and patient-care clinical services.
SXC’s fourth-quarter net income rose to $15.2 million, or 49 cents per share, from $5.0 million, or 20 cents a share, in the year-ago period. [ID:nWNAB5186]
Revenue for the quarter rose 51 percent to $443.3 million, with pharmacy benefit management revenue rising 55 percent.
Analysts on average had expected earnings of 41 cents a share, on revenue of $413.7 million, according to Thomson Reuters I/B/E/S.
For 2010, the company expects to earn $1.79 to $1.87 a share including items, and $1.92 to $2.00 a share excluding items.
Revenue is expected to be between $1.9 billion and $2.0 billion, above market estimates of $1.84 billion.
Shares of the company were up 4 percent at $53.00 in pre-market trade. They closed at $50.91 Wednesday on Nasdaq. (Reporting by Esha Dey in Bangalore; Editing by Gopakumar Warrier, Anne Pallivathuckal)