01.05.2024 12:35:26 - dpa-AFX: CVS Health Corp. Q1 Profit Decreases, misses estimates
WOONSOCKET (dpa-AFX) - CVS Health Corp. (CVS) revealed a profit for first
quarter that decreased from the same period last year and missed the Street
estimates.
The company's earnings came in at $1.11 billion, or $0.88 per share. This
compares with $2.14 billion, or $1.65 per share, in last year's first quarter.
Excluding items, CVS Health Corp. reported adjusted earnings of $1.66 billion or
$1.31 per share for the period.
Analysts on average had expected the company to earn $1.69 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 3.7% to $88.44 billion from $85.28
billion last year.
CVS Health Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $1.11 Bln. vs. $2.14 Bln. last year.
-EPS (Q1): $0.88 vs. $1.65 last year.
-Revenue (Q1): $88.44 Bln vs. $85.28 Bln last year.
-Guidance:
Full year EPS guidance: $7.00
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX