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Friday, November 6, 2020

CVS Health Q3 beat lifts shares

  • CVS Health (NYSE:CVS) Q3 results:
  • Total revenues: $67,056M (+3.5%); Pharmacy Services: $35,711M (-0.9%); Retail/LTC: $22,725M (+5.9%), Healthcare Benefits: $18,698M (+8.8%).
  • Net income: $1,219M (-20.3%); non-GAAP net income: $2,181M (-9.4%); EPS: $0.93 (-20.5%); non-GAAP EPS: $1.66 (-9.8%).
  • Cash flow ops (9 mo.): $12,298M (+20.4%).
  • 2020 guidance: EPS: $5.60 - 5.70 from $5.16 - 5.29; non-GAAP EPS: $7.35 - 7.45 from $7.14 - 7.27; cash flow ops: $12.75B - 13.25B from $11.0B - 11.5B. Consensus: EPS of $7.23 on revenues of $266.9B.
  • https://seekingalpha.com/news/3633055-cvs-health-q3-beat-lifts-shares-up-2

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