CVS Health Corp. Q4 Profit Increases, beats estimates

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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