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Wednesday, May 1, 2019

CVS Health beats first-quarter expectations, raises full-year forecast

Pedestrians pass in front of a CVS location in New York.

Scott Mlyn | CNBC

CVS Health on Wednesday reported quarterly earnings and revenue that beat analysts' expectations and raised its full-year earnings forecast. 

Shares of the company rose 6 percent Wednesday in premarket trading. 

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.62, adjusted, vs. $1.50 expected
  • Revenue: $61.65 billion vs. $60.39 billion expected

CVS raised its 2019 earnings forecast to between $6.75 and $6.90 per share, up from the previously guided range of $6.68 to $6.88 per share.

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