Shares of CVS Health Corp. rose 0.7% in premarket trading Wednesday, after the drug store chain and health care services company reported second-quarter...
Shares of CVS Health Corp. CVS rose 0.7% in premarket trading Wednesday, after the drug store chain and health care services company reported second-quarter profit and revenue that beat expectations, amid strength in the health care benefits business. Net income fell to $1.90 billion, or $1.48 a share, from $3.03 billion, or $2.29 a share, in the year-ago period. Excluding nonrecurring items, such as a $496 million restructuring charge, adjusted EPS of $2.21 topped the FactSet consensus of $2.
Net income fell to $1.90 billion, or $1.48 a share, from $3.03 billion, or $2.29 a share, in the year-ago period. Excluding nonrecurring items, such as a $496 million restructuring charge, adjusted EPS of $2.21 topped the FactSet consensus of $2.12. Total revenue grew 10.3% to $88.92 billion, well above the FactSet consensus of $86.41 billion, as health care benefits revenue rose 17.6% and revenue for both the health services and pharmacy and consumer wellness segments rose 7.6%.
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