WOONSOCKET, R.I. (AP) — WOONSOCKET, R.I. (AP) — CVS Health Corporation (CVS) on Wednesday reported first-quarter net income of $2.14 billion.
On a per-share basis, the Woonsocket, Rhode Island-based company said it had net income of $1.65. Earnings, adjusted for one-time gains and costs, were $2.20 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.
The drugstore chain and pharmacy benefits manager posted revenue of $85.28 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $81.6 billion.
CVS Health expects full-year earnings in the range of $8.50 to $8.70 per share.
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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