CVS on Wednesday reported third-quarter adjusted earnings and revenue that topped Wall Street's expectations, lifted in part by strong revenue from the company's health services business.
CVS booked sales of $89.76 billion for the quarter, up nearly 11% from the same period a year ago.
The company reported net income of $2.27 billion, or $1.75 per share, for the third quarter.
Excluding certain items, such as amortization of intangible assets and capital losses, adjusted earnings per share were $2.21 for the quarter.
However, it maintained its forecast on an adjusted basis, guiding to full-year adjusted earnings of $8.50 to $8.70 per share.
Organizations:
CVS, LSEG, Walgreens, Aid, CNBC, Oak Street Health
Locations:
Monday's