FMP
CVS Health Beats Q4 Results, Cuts Guidance
Feb 8, 2024 8:20 PM - Davit Kirakosyan(Last modified: Feb 9, 2024 2:15 AM)
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CVS Health (NYSE:CVS) disclosed its fourth-quarter financial results and revised its earnings forecast for 2024 downwards.
In the fourth quarter of 2023, CVS Health announced an earnings per share (EPS) of $2.12, surpassing the analysts' consensus of $1.98. The company's revenue for the quarter was $93.81 billion, exceeding expectations of $90.25 billion.
Revenue from health services reached $49.15 billion, outperforming the anticipated $45.96 billion by analysts.
Looking into the full fiscal year of 2024, CVS Health adjusted its EPS forecast to a minimum of $8.30, a decrease from the previously projected $8.50. This adjustment comes in below the analyst consensus of $8.47.
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