WOONSOCKET, R.I. (AP) — WOONSOCKET, R.I. (AP) — CVS Health Corporation (CVS) on Wednesday reported a loss of $3.98 billion in its third quarter.
On a per-share basis, the Woonsocket, Rhode Island-based company said it had a loss of $3.13. Earnings, adjusted for one-time gains and costs, were $1.60 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.
The drugstore chain and pharmacy benefits manager posted revenue of $102.87 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $98.29 billion.
CVS Health expects full-year earnings in the range of $6.55 to $6.65 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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