CVS Health (CVS) Tops Q1 EPS by 2c; Offers Q2 EPS Outlook
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CVS Health Reports First Quarter Results; Confirms 2016 Adjusted EPS Guidance
May 3, 2016 6:55 AM EDTWOONSOCKET, R.I., May 3, 2016 /PRNewswire/ --
First Quarter Year-over-year Highlights:
Net revenues increased 18.9% to $43.2 billion Operating profit increased 2.0% to $2.2 billion, including the effect of acquisition-related integration costs of $61 million; operating profit increased approximately 5.0% excluding the acquisition-related integration costs Adjusted EPS increased 4.0% to $1.18; GAAP diluted EPS of $1.04 Generated free cash flow of $1.8 billion and cash flow from operations of $2.4 billion2016 Guidance:
Confirmed full year Adjusted EPS of $5.73 to $5.88 As expected, GAAP diluted EPS is revised, to $5.24 to... More