CVS Health: Q1 Earnings Snapshot

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 ( using data from Zacks Investment Research. Access a Zacks stock report on CVS at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up