CVS Health Reports First Quarter Results; Confirms 2016 Adjusted EPS Guidance

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Go back to CVS Health Reports First Quarter Results; Confirms 2016 Adjusted EPS Guidance

CVS Health (CVS) Tops Q1 EPS by 2c; Offers Q2 EPS Outlook

May 3, 2016 6:56 AM EDT

CVS Health (NYSE: CVS) reported Q1 EPS of $1.18, $0.02 better than the analyst estimate of $1.16. Revenue for the quarter came in at $43.2 billion versus the consensus estimate of $43.01 billion.

Revenues in the Retail/LTC Segment increased 18.6%, or $3.2 billion, to $20.1 billion, in the three months ended March 31, 2016. The increase was primarily driven by the addition of the long-term care ("LTC") operations acquired... More