CVS Reports Stellar Fourth Quarter, Raises Outlook
On Wednesday, CVS Health announced fourth-quarter results that beat expectations. Same-store sales were up 3.2%. Revenue from the pharmacy unit rose to $37 billion from $34 billion last year. While shares are down slightly this year, they have risen about 13% over the last 12 months.
“As we work to transform the way health care is delivered to millions of Americans, we are driving continued business performance and generating positive momentum across the enterprise,” CVS President and CEO Larry Merlo said in a statement.