CVS beats all around and ups expectations for the year

FAN Editor 6 years ago
Image 1 of 2

▼

FILE- In this Aug. 7, 2018, file photo a CVS Pharmacy building sign rests on a Jackson, Miss., store. CVS Health reports financial results Wednesday, May 1, 2019. (AP Photo/Rogelio V. Solis, File)

CVS Health is reporting a 42% spike in profits during the first quarter and it’s raising its outlook for the year.

Continue Reading Below

The drug store chain posted earnings of $1.42 billion, or $1.09 per share. Earnings, adjusted for one-time gains and costs, were $1.62 per share, which is 12 cents better than expected, according to a survey by Zacks Investment Research.

Revenue was $61.65 billion, also exceeding Street forecasts.

CVS Health Corp. upped its full year operating income expectations on Wednesday from a range of $11.7 billion to $12.1 billion, to between $11.8 billion and $12 billion.

_____

Portions of this story were generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on CVS at https://www.zacks.com/ap/CVS

Free America Network Articles

Leave a Reply

Next Post

Barr denied knowing Mueller's stance on report summary after Mueller complained

Wed May 1 , 2019
Attorney General William Barr faces tough new questions about his response to special counsel Robert Mueller’s report at a Senate hearing on Wednesday. Judiciary committee members want to know why Mueller told the attorney general he was frustrated with Barr’s original summary of the report. In a letter, Mueller told […]

You May Like