FBR Capital Remains Buyers of CVS Health (CVS) Following 'Solid' Quarter

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Go back to FBR Capital Remains Buyers of CVS Health (CVS) Following 'Solid' Quarter

CVS Health Reports Second Quarter Results

August 2, 2016 6:55 AM EDT

WOONSOCKET, R.I., Aug. 2, 2016 /PRNewswire/ --

Second Quarter Year-over-year Highlights:

Net revenues increased 17.6% to $43.7 billion GAAP operating profit increased 3.9% to $2.4 billion; operating profit excluding acquisition-related transaction and integration costs increased 6.5% GAAP diluted EPS decreased from $1.12 to $0.86, primarily driven by a loss on early extinguishment of debt and acquisition-related integration costs Adjusted EPS increased 8.3% to $1.32

Year-to-date Highlights:

Cash flow from operations of $4.0 billion Generated free cash flow of $2.9 billion

2016... More