Categories AlphaGraphs, Earnings, Health Care
Earnings: CVS Health reports a sharp fall in Q4 profit; revenue up 4%
Healthcare conglomerate CVS Health Corporation (NYSE: CVS) reported mixed results for the fourth quarter of 2024, with revenues growing modestly and earnings declining sharply.
December-quarter adjusted profit plunged 44% year-over-year to $1.19 per share. On a reported basis, net income was $1.62 billion or $1.30 per share in Q4, compared to $2.05 billion or $1.58 per share in the prior-year quarter.
Revenues increased 4% year-over-year to $97.7 billion in the fourth quarter. Total same-store sales climbed 10.2% year-over-year.
“Our integrated model allows us to uniquely deliver a simpler, connected experience that saves time, saves money, and improves health,” said CVS CEO David Joyner.
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