CVS on Wednesday reported strong first-quarter earnings and revenue and raised its guidance for the rest of the year, sending shares up 4%.
CVS on Wednesday reported strong first-quarter earnings and revenue and raised its guidance for the rest of the year, sending shares up 4% ahead of the opening bell.
The integrated pharmacy health care provider earned an adjusted $1.62 a share on revenue of $61.6 billion, easily beating the $1.51 and $60.24 billion that analysts surveyed by Bloomberg were expecting. Same-store sales jumped 3.8% versus a year ago, outpacing the 2.6% gain that was anticipated. "We generated strong first quarter results, providing positive momentum to start the year," CVS President and CEO Larry Merlo said in the earnings release.
"Following the close of our Aetna acquisition in late November, our first full quarter of combined operations was a success in many ways. In the quarter we continued to advance our integration efforts while beginning to launch new innovations such as our HealthHUB^® concept stores. With our differentiated collection of health care assets we are uniquely positioned to lead the transformation of the U.S. health care system.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
CVS Health beats first-quarter expectations, raises full-year forecastCVS Health on Wednesday reported results from its fiscal first quarter.
Weiterlesen »
CVS will bring hundreds of SmileDirectClub shops to its stores this yearCVS Health will open 'hundreds' of SmileDirectClub locations inside its stores this year, with plans to open more than 1,000 locations over the next two years, the drugstore chain announced Thursday.
Weiterlesen »
Police find four people hiding in the ceiling at a Texas CVSWhen police responded to a call about a possible burglary at a CVS in Texas, they found four people hiding in the ceiling
Weiterlesen »
Man trapped in outdoor pillar among 4 arrested in CVS burglaryPolice had to use a ladder to nab three suspects from the store's ceiling.
Weiterlesen »
CVS moves into dental care with teeth-straightening service SmileDirectClubCVS said it will add SmileDirectClub to hundreds of its stores. The American Assn. of Orthodontists has criticized the service.
Weiterlesen »
$3.2 billion startup SmileDirectClub is opening teeth-straightening shops in hundreds of CVS storesSmileDirectClub promises to straighten your teeth without you having to go near an orthodontist's office.
Weiterlesen »
Here are the biggest analyst calls of the day: Target, Disney, CVS, American Airlines, & moreHere are the biggest calls on Wall Street on Monday
Weiterlesen »
Domino's shares jump after earnings beat, shrugging off slowing salesDomino's reported earnings before the bell on Wednesday.
Weiterlesen »
Microsoft hits $1 trillion market cap for the first time as stock jumps on earnings beatMicrosoft shares jumped to a record and pushed the company past the $1 trillion mark on better-than-expected earnings and revenue.
Weiterlesen »
Starbucks shares jump after earnings beatStarbucks reported strong Q2 results, beating Wall St. expectations with an EPS of 60 cents.
Weiterlesen »