RMD News: CVS Health's (CVS) Q1 Earnings Miss Estimates, Margins Up - 2nd May 2024, 1:16am

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CVS Health Corporation CVS posted adjusted earnings per share (EPS) of $1.31 in first-quarter 2024, down 40.5% year over year. The metric also missed the Zacks Consensus Estimate by 22.5%. The adjusted EPS figure considers certain asset amortization costs, loss on assets held for sale and other adjustments.

On a reported basis, the company’s GAAP earnings were 88 cents compared with the year-ago GAAP EPS of $1.65, down 46.7%.

Revenues

Revenues in the first quarter rose 3.7% year over yea...

>>> Read more: CVS Health's (CVS) Q1 Earnings Miss Estimates, Margins Up
 
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