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Stock impact report

CVS Health's stock turns higher after profit and revenue beats [MarketWatch]

CVS Health Corporation (CVS) 
Last cvs health corporation earnings: 2/12 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.cvshealth.com
Company Research Source: MarketWatch
CVS Health's stock turns higher after profit and revenue beats Shares of CVS Health Corp. CVS, +0.82% rose 1.3% in premarket tradiong Wednesday, reversing an earlier decline, after the drug store chain reported fourth-quarter profit and revenue that beat expectations. The company swung to net income of $1.75 billion, or $1.33 a share, from a net loss of $419 million, or 37 cents a share, in the year-ago period. Excluding non-recurring items, such as items related to the Aetna acquisition, adjusted earnings per share fell to $1.73 from $2.14, but was above the FactSet consensus of $1.68. Total revenue rose 22.9% top $66.89 billion, beating the FactSet consensus of $63.93 billion. Pharmacy Services revenue grew 6.2% to $37.07 billion to top the FactSet consensus of $33.63 billion; retail and long-term care revenue increased 2.5% to $22.58 billion, above expectations of $22.33 billion; and health care benefits revenue climbed 175% to $17.15 billion to beat expectations of $16.94 billi Show less Read more
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