Earnings

CVS Health reports Q3 earnings, opioid settlement

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Rafael Henrique | Lightrocket | Getty Images

CVS Health reported third quarter earnings Wednesday morning that beat Wall Street’s expectations. 

Here’s how the pharmacy giant performed compared to Wall analysts’ estimates, according to Refinitiv:

  • Earnings per share $2.09 vs. $1.99, expected.
  • Revenue $81.16 billion vs. $76.75 billion, expected.

It’s the third consecutive quarter in which CVS beat earnings expectations. Revenue rose 10% year-over-year.

CVS’ Health Care Benefits segment grew nearly 10% compared to the same quarter last year, driven in part by an increase in its medical memberships from 2021. Pharmacy services revenue increased over 10% compared to the period last year, as total…



Source cnbc.com

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