Categories AlphaGraphs, Earnings, Health Care
CVS Earnings: CVS Health Q2 adj. profit drops but beats estimates
Healthcare conglomerate CVS Health Corporation (NYSE: CVS) on Wednesday announced second-quarter 2024 results, reporting a decrease in adjusted earnings despite higher revenues. However, earnings topped expectations.
June-quarter adjusted profit decreased 17% year-over-year to $1.83 per share but came in above analysts’ estimates. On a reported basis, net income was $1.77 billion or $1.41 per share in Q2, compared to $1.90 billion or $1.48 per share in the prior-year quarter.
Meanwhile, revenues increased 3% year-over-year to $91.2 billion during the three months but fell short of expectations. Total same-store sales rose 6.4% from last year.
“We are taking action today to ensure we make the most of our many opportunities, including leadership changes in the Health Care Benefits segment,” 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
KB Home’s Q3 results expected to benefit from built-to-order model, stable demand
KB Home (NYSE: KBH) has been resilient to challenges like high mortgage rates and the inflation-induced strain on family budgets, while benefitting from the recovery in the housing market. When
Signet Jewelers (SIG) reports lower Q2 2025 sales and adj. profit
Signet Jewelers Limited (NYSE: SIG) has reported a decline in net sales and adjusted earnings for the second quarter of 2025. Same-store sales declined 3.4% during the three months. Net
Adobe reports higher Q3 revenue and earnings; results beat estimates
Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in third-quarter 2024 revenue and earnings. The results also topped expectations. Third-quarter revenues came in at $5.41 billion,
