Categories AlphaGraphs, Earnings, Health Care
CVS Health Q1 adj. earnings drop despite revenue growth; guides FY24
Healthcare conglomerate CVS Health Corporation (NYSE: CVS) announced first-quarter 2024 results, reporting higher revenues and a decrease in adjusted earnings.
March-quarter adjusted profit decreased 40% year-over-year to $1.31 per share. On a reported basis, net income was $1.12 billion or $0.88 per share in Q1, compared to $2.14 billion or $1.65 per share in the prior-year quarter.
Meanwhile, revenues increased 4% year-over-year to $88.4 billion during the three months. Total same-store sales rose 5.3% from last year.
“We remain committed to our strategy and believe that we have the right assets in place to deliver value to our customers, members, patients, and shareholders,” said CVS CEO Karen Lynch.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key highlights from Paychex’s (PAYX) Q4 2024 earnings results
Paychex, Inc. (NASDAQ: PAYX) reported fourth quarter 2024 earnings results today. Total revenue increased 5% year-over-year to $1.3 billion. Net income increased 8% to $379.9 million, or $1.05 per share,
GIS Earnings: Key quarterly highlights from General Mills’ Q4 2024 financial results
General Mills, Inc. (NYSE: GIS) reported its fourth quarter 2024 earnings results today. Net sales decreased 6% year-over-year to $4.7 billion. Organic net sales were down 6%. Net earnings attributable
FDX Earnings: FedEx Corporation reports higher Q4 revenue and adj. profit
Cargo giant FedEx Corporation (NYSE: FDX) Tuesday reported an increase in revenues and adjusted earnings for the fourth quarter of 2024. The positive top-line performance reflects revenue growth in the
