CVS Health: Q1 beats consensus

(CercleFinance.com) - CVS Health has reported Q1 2020 adjusted EPS that is up 17.
9% at 1.91 dollar, around 30 cents above the consensus, with revenues that are up 8.3% at nearly 66.8 billion dollars.

The pharmacy chain grew its adjusted operating profit rise 14.4% to 4.1 billion dollars, mainly thanks to higher volumes across all segments and the positive impact of cost savings.

CVS Health has confirmed its 2020 adjusted EPS target range of 7.04-7.17 dollars, with cash flow from operations of 10.5-11 billion dollars, although has withdrawn its other financial targets, given uncertainties surrounding the pandemic.


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