CVS Reports Strong Q4 Earnings, Exceeding Expectations
CVS Health Corporation (CVS) posted impressive fourth-quarter financial results on Wednesday. The company reported a net income of $1.64 billion or $1.30 per share on a diluted basis.
Excluding one-time items, CVS Health's adjusted earnings per share amounted to $1.19, surpassing analysts' estimates of $0.89 per share.
Revenue for the quarter reached $97.71 billion, exceeding expectations of $97.06 billion.
The drugstore chain and pharmacy benefits manager attributed its strong performance to continued growth in its retail and healthcare services segments.
CVS Health anticipates full-year earnings between $5.75 and $6 per share for 2023.