CVS Health Corp. Q4 adjusted earnings Beat Estimates

CVS Health Corp. (CVS) announced earnings for fourth quarter that decreased from last year.

The company's profit came in at $0.97 billion, or $0.74 per share. This compares with $1.75 billion, or $1.33 per share, in last year's fourth quarter.

Excluding items, CVS Health Corp. reported adjusted earnings of $1.71 billion or $1.30 per share for the period.

Analysts had expected the company to earn $1.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.0% to $69.55 billion from $66.89 billion last year.

CVS Health Corp. earnings at a glance:

-Earnings (Q4): $1.71 Bln. vs. $2.27 Bln. last year.
-EPS (Q4): $1.30 vs. $1.73 last year.
-Analysts Estimate: $1.24
-Revenue (Q4): $69.55 Bln vs. $66.89 Bln last year.

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