CVS Health Tops Q1 Street View On Earnings

CVS Health (CVS) shares were over 1% higher pre-market Wednesday after the pharmacy chain topped Q1 Street views on earnings, despite a slight miss on revenue. The company also issued guidance above Street views.

The company reported Q1 adjusted EPS of $1.48, up from $1.17 a year earlier, and also above the $1.40 Street view,as compiled by Capital IQ.

CVS reported Q1 revenue of $45.69 billion, up from $44.51 billion in the year-ago quarter, but just below the $45.77 billion Street view.

Looking ahead, the company expects adjusted EPS of $6.87 to $7.08 for FY18, above the Street view of $6.46.

CVS expects adjusted EPS of $1.59 to $1.64 in Q2, also above the Street view of $1.45.

The company slated an 8:30 am ET conference call.

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