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CVS Health: Q2 Earnings Snapshot
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WOONSOCKET, R.I. (AP) — WOONSOCKET, R.I. (AP) — CVS Health Corporation (CVS) on Wednesday reported second-quarter profit of $2.98 billion.

On a per-share basis, the Woonsocket, Rhode Island-based company said it had profit of $2.31. Earnings, adjusted for one-time gains and costs, came to $2.58 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.

The drugstore chain and pharmacy benefits manager posted revenue of $106.1 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $100.18 billion.

CVS Health expects full-year earnings in the range of $7.90 to $8.10 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVS at https://www.zacks.com/ap/CVS

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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