CVS Health Reports Strong Q1 Results, Stock Rises Nearly 8%
CVS Health (CVS) reported first-quarter revenue of over $100 billion, a 6% year-over-year increase, and raised its annual adjusted net income guidance. The company's GAAP net income rose 66% to nearly $2.96 billion, while non-GAAP earnings per share increased to $2.57 from $2.25. These results exceeded analyst expectations and contributed to an 8% rise in its stock price.
Tickers: $CVS
Topics: CVS Health earnings healthcare pharmacy retail