CVS Health Corp. (CVS) announced earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $2.30 billion, or $1.75 per share. This compares with $1.31 billion, or $0.98 per share, in last year's fourth quarter.
Excluding items, CVS Health Corp. reported adjusted earnings of $2.62 billion or $1.99 per share for the period.
Analysts on average had expected the company to earn $1.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.5% to $83.85 billion from $76.60 billion last year.
CVS Health Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $2.30 Bln. vs. $1.31 Bln. last year.
-EPS (Q4): $1.75 vs. $0.98 last year.
-Analyst Estimate: $1.92
-Revenue (Q4): $83.85 Bln vs. $76.60 Bln last year.
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