CVS Health: Q2 Earnings Snapshot
WOONSOCKET, R.I. (AP) _ CVS Health Corporation (CVS) on Wednesday reported second-quarter net income of $2.95 billion.
The Woonsocket, Rhode Island-based company said it had net income of $2.23 per share. Earnings, adjusted for one-time gains and costs, came to $2.40 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share.
The drugstore chain and pharmacy benefits manager posted revenue of $80.64 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $76.57 billion.
CVS Health expects full-year earnings in the range of $8.40 to $8.60 per share.