WOONSOCKET, R.I. (AP) — WOONSOCKET, R.I. (AP) — CVS Health Corporation (CVS) on Wednesday reported fourth-quarter profit of $2.3 billion.
On a per-share basis, the Woonsocket, Rhode Island-based company said it had profit of $1.75. Earnings, adjusted for one-time gains and costs, came to $1.99 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.
The drugstore chain and pharmacy benefits manager posted revenue of $83.85 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $74.97 billion.
CVS Health expects full-year earnings in the range of $8.70 to $8.90 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
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