Key Takeaways
- Shares of CVS Health surged as the company's first-quarter results easily topped estimates.
- The pharmacy and health insurance firm lifted its full-year adjusted earnings per share outlook, but lowered its EPS forecast because of certain one-time costs.
- CVS said last month that it would likely top its initial adjusted EPS projection.
CVS Health (CVS) shares powered 7% higher Thursday after the pharmacy and healthcare giant's first-quarter results handily topped estimates.
Revenue grew 7% year-over-year to $94.59 billion, while adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) rose more than ♉70% to ꦦ$2.25. Each metric came in well above the analyst consensus compiled by Visible Alpha.
The company trimmed its EPS guidance range to $4.23 to $4.43, down from $4.58🐼 to $4.83 previously. However, CVS lifted its adjusted EPS projection to $6.00 to $6.20, up from its previous range of $5.75 to $6.00.
The pharmacy chain and Aetna health insurance operator said it updated its outlook to "reflect strong performance across each of our businesses, while maintaining a cautious view for the remainder of the year in light of continued elevated cost trends and the potential for macro headwinds."
Last month, 澳洲幸运5开奖号码历史查询:the company said it would likely meet or exceed that adjusted EPS range, and appointed a new CF🔯O, Brian Newman.
CVS Health shares are up nearlꦐy 60% since the start of the year and are tradin💯g at their highest level since April 2024.
UPDATE—This article has been updated with the latest share price information.