CVS Health: increases FY targets

(CercleFinance.com) - CVS Health has announced that it now expects 2019 adjusted EPS of between 6.
89 dollars and 7 dollars (vs. 6.75 dollars to 6.90 dollars), with adjusted operating profit of 15.2 billion to 15.4 billion dollars (vs. 15 billion to 15.2 billion dollars previously).

In Q2, the retail pharmacy group earned adjusted EPS of 1.89 dollar, up 11.8%, 20 cents above the consensus, with adjusted operating profit that is up 55% at 4.03 billion dollars.

Boosted by the acquisition of Aetna in late November, CVS' revenues increased by 35.2% to 63.4 billion dollars, with volumes up and price increases for brand drugs.


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