CVS Health’s stock surges toward a one-year high after an earnings triple play
From the Center
Shares of CVS Health Corp. CVS jumped 6.6% toward a one-year high in premarket trading Thursday, after the healthcare-services company and drugstore chain scored a triple-play with its earnings report, by beating and profit and revenue and raising its full-year outlook.
Adjusted earnings per share, which excludes nonrecurring items, rose to $2.25 from $1.31 in the same period a year ago, and was well above the average analyst EPS estimate compiled by FactSet of $1.70.
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