logo
Plus   Neg
Share
Email

CVS Health Guides FY19 Adj. EPS Below View - Quick Facts

While reporting financial results for the fourth quarter, CVS Health Corp. (CVS) on Wednesday initiated earnings and operating income guidance for the full-year 2019.

For fiscal 2019, the company projects earnings from continuing operations in a range of $4.88 to $5.08 per share and adjusted earnings in the range of $6.68 to $6.88 per share.

On average, 20 analysts polled by Thomson Reuters expect the company to report earnings of $7.41 per share for the year. Analysts' estimates typically exclude special items.

The company also expects full year 2019 operating income in the range of $11.7 billion to $12.1 billion and adjusted operating income in the range of $14.8 billion to $15.2 billion.

Further, the company expects to continue to generate strong cash flows in 2019, with projected cash flow from operations between $9.8 billion and $10.3 billion.

President and CEO Larry Merlo stated, "2019 will be a year of transition as we integrate Aetna and focus on key pillars of our growth strategy. We are fully aware of the need to address the impact of certain headwinds that are having a disproportionate impact in 2019 compared to prior years, and importantly, we are taking comprehensive actions to move past them."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Polaris Industries Inc. is recalling certain Ranger and General Utility, as well as All-Terrain vehicles citing risks of crash, the U.S. Consumer Product Safety Commission said in a statement. The Medina, Minnesota-based company has called back about 26,730 units of Model Year 2019 - 2020 Ranger XP 1000 & Model Year 2020 General XP 1000 Utility vehicles. Gilead Sciences Inc. (GILD) said Friday that the European Commission has granted conditional marketing authorization for Veklury or remdesivir as a treatment for SARS-CoV-2 infection, the virus that causes COVID-19. FedEx is asking NFL team Washington Redskins to change its name for its racist connotations. The delivery services company, which is a major sponsor for the team, made the suggestion following increasing pressure from its investors amid the ongoing protests against racial injustice and inequality that arose from the killing of African-American George Floyd.
Follow RTT