CVS Health: adjusted EPS down 25% in Q4
(CercleFinance.com) - CVS Health has reported adjusted EPS that is down a quarter to 1.
30 dollar in the last three months of 2020. However, this is above consensus, with the group's revenues increasing by up 4% to nearly 69.6 billion dollars.
The pharmacy chain's adjusted operating profit fell by 22% to just over 2.9 billion dollars, reflecting the impact of the Covid-19 pandemic on its business. However, this was partially offset by cost-saving measures.
Therefore announcing FY 2020 adjusted EPS that is up 6% to 7.50 dollars, CVS Health's management says that it expects to achieve 7.39 to 7.55 dollars in 2021.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
30 dollar in the last three months of 2020. However, this is above consensus, with the group's revenues increasing by up 4% to nearly 69.6 billion dollars.
The pharmacy chain's adjusted operating profit fell by 22% to just over 2.9 billion dollars, reflecting the impact of the Covid-19 pandemic on its business. However, this was partially offset by cost-saving measures.
Therefore announcing FY 2020 adjusted EPS that is up 6% to 7.50 dollars, CVS Health's management says that it expects to achieve 7.39 to 7.55 dollars in 2021.
Copyright (c) 2021 CercleFinance.com. All rights reserved.