CVS Health beats 3Q profit forecasts - ABC6 - Providence, RI and New Bedford, MA News, Weather

CVS Health beats 3Q profit forecasts

Posted: Updated:

By: The Associated Press

Email: news@abc6.com

Twitter: @ABC6

WOONSOCKET, R.I. (AP) — CVS Health Corporation (CVS) on Monday reported third-quarter profit of $1.29 billion.

Profit was of $1.26 per share, or $1.50 adjusted for one-time items.

The results exceeded Wall Street expectations by a penny, according to a survey Zacks Investment Research.

The drugstore chain and pharmacy benefits manager posted revenue of $46.18 billion.

For the current quarter ending in December, CVS Health expects its per-share earnings to range from $1.88 to $1.92.

Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.91.

The company expects full-year earnings in the range of $5.87 to $5.91 per share.

©WLNE-TV / ABC6 2017

Powered by Frankly

10 Orms Street Providence, R.I. 02904
401-453-8000

All content © Copyright 2000 - 2017 WLNE.
All Rights Reserved.

For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.