Earnings

CVS Health (CVS) earnings Q3 2023

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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

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