CVS Health (CVS) earnings Q3 2023


A woman walks past a CVS Pharmacy in Washington, D.C., on Nov. 2, 2022.

Brendan Smialowski | AFP | Getty Images

CVS on Wednesday reported third-quarter adjusted earnings and revenue that topped Wall Street’s expectations, lifted in part by strong revenue from the company’s health services business.

Still, the company’s shares fell 1% in morning trading Wednesday as the company reported higher-than-expected medical costs at its insurance unit.

CVS booked sales of $89.76 billion for the quarter, up nearly 11% from the same period a year ago.

The company reported net income of $2.27 billion, or $1.75 per share, for the third quarter. That compares with a net loss of $3.40 billion, or $2.59 per…

Source cnbc.com

0 0 votes
Article Rating

Yum Brands (YUM) Q3 2023 earnings

Previous article

Private sector payrolls rose 113,000, less than expected

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings