got a boost Nov. 2 after the health services retailer reported third-quarter earnings that beat estimates across the board.
Sales were up 11% year over year to $89.76 billion while earnings of $2.21 per share were also up from last year's $2.09 per share.Also, Nov. 2 was the end of the planned three-day walkout by pharmaceutical employees of both CVS and rival Walgreens. With the stock up 1.7%, at last check, and its employees back on the job, CVS is having a pretty good Thursday.CNBC recently.
The company's pharmacy and consumer wellness segment saw revenue increase 6% year over year to $29 billion, but CVS Health is also nearly two-thirds of the way through its plan to close 900 stores, so on a same-store sales basis, the pharmacy and consumer wellness segment revenue has actually increased by 9%."Our retail pharmacy business continues to execute and deliver strong results across scripts, service and our transformational initiatives.
"It's clear based on the environment that this is the right thing to do and we're committed to doing that," said interim CFO Thomas Cowhey.outside of corporate headquarters Nov. 2, with some protesters dressed in costumes in due to"fear of retaliation," according to protester and patient advocate, Loretta Boesing.
CVS employs more than 100,000 pharmacists and pharmacy technicians, according to CNBC, who make an average of $61.44 an hour.
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CVS Health earnings top forecasts on pharmacy, health care benefits strengthCVS stuck to its full-year profit forecasts despite a solid top and bottom line beat in its third quarter earnings report.
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