CVS Health (CVS) Tops Q3 EPS by 7c; Trims, Narrows FY16 EPS Outlook

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Go back to CVS Health (CVS) Tops Q3 EPS by 7c; Trims, Narrows FY16 EPS Outlook

CVS Health Reports Third Quarter Results

November 8, 2016 6:55 AM EST

WOONSOCKET, R.I., Nov. 8, 2016 /PRNewswire/ --

Third Quarter Year-over-year Highlights:

Net revenues increased 15.5% to $44.6 billion GAAP operating profit increased 20.9% to $2.8 billion GAAP diluted EPS from continuing operations of $1.43 Adjusted EPS increased 28.0% to $1.64 GAAP and Adjusted EPS both include a benefit of approximately 5 cents per share related to a lower income tax rate primarily due to the resolution of tax matters previously forecasted for the fourth quarter

Year-to-date Highlights:

Cash flow from operations of $7.9 billion Generated free... More