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Tuesday, November 6, 2018

-=CVS Health (CVS) reported earnings on Tue 6 Nov 2018 (b/o)

CVS Health beats by $0.02, reports revs in-line; reaffirms FY18 EPS guidance

  • Reports Q3 (Sep) earnings of $1.73 per share, excluding non-recurring items, $0.02 better thanthe S&P Capital IQ Consensus of $1.71; revenues rose 2.4% year/year to $47.27 bln vs the $47.22 bln S&P Capital IQ Consensus.
  • Coreaffirms guidancefor FY18, sees EPS of $6.98-7.08, excluding non-recurring items, vs. $7.04 S&P Capital IQ Consensus.
  • Aetna (AET) transaction progress: All of the required change in control filings were submitted to 28 state insurance departments in January 2018. To date, the Company has received approval from 23 of the 28 states and we are well down the line with the remaining five. The transaction is expected to close prior to Thanksgiving.
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