CVS Caremark CVS reported a rise in its first-quarter profit.
CVS Caremark's quarterly profit surged to 956 million, or $0.77 per share, versus $776 million, or $0.59 per share, in the year-ago period. Its adjusted earnings came in at $0.83 per share.
Its revenue declined to $30.76 billion from $30.80 billion, while retail pharmacy same-store sales fell 2.3%. However, analysts were expecting earnings of $0.71 per share on revenue of $30.37 billion.
CVS Caremark expects Q2 adjusted earnings of $0.94 to $0.97 per share.
CVS Caremark shares closed at $58.18 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in