Earnings

CVS Health earnings Q3 2019 show 10% profit rise

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Pedestrians pass in front of a CVS location in New York.

Scott Mlyn | CNBC

CVS Health on Wednesday reported third-quarter earnings that beat Wall Street’s estimates as its Aetna insurance business helped juice the company’s profit by 10%.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.84, adjusted, vs. $1.77 expected
  • Revenue: $63.81 billion vs. $62.99 billion expected

CVS reported net income of $1.53 billion, or $1.17 per share, up 10% from $1.39 billion, or $1.36 per share a year earlier. Excluding one-time items, such as a charge related to closing stores, CVS earned $1.84 per share, above the…



Source cnbc.com

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