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CVS Health: Q1 Earnings Snapshot

May 4, 2021 GMT

WOONSOCKET, R.I. (AP) _ CVS Health Corporation (CVS) on Tuesday reported first-quarter earnings of $2.22 billion.

On a per-share basis, the Woonsocket, Rhode Island-based company said it had profit of $1.68. Earnings, adjusted for one-time gains and costs, came to $2.04 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.

The drugstore chain and pharmacy benefits manager posted revenue of $69.1 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $68.44 billion.

CVS Health expects full-year earnings in the range of $7.56 to $7.68 per share.

CVS Health shares have climbed 14% since the beginning of the year, while the S&P’s 500 index has increased 12%. The stock has risen 30% in the last 12 months.

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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