CVS Health earnings top estimates as pharmacy sales get a lift from Covid testing, vaccines

📆 16/02/2021 16:00:00
📰 CNBC

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CVS Health's fourth-quarter earnings beat Wall Street's expectations as its pharmacy sales got a lift from providing Covid-19 testing and vaccines.

Shannon Stapleton | Reuters

The drugstore chain reported fiscal fourth-quarter net income of $975 million, or 75 cents per share, down from $1.74 billion, or $1.33 per share, a year earlier. Revenue rose to $69.55 billion, from $66.89 billion a year prior. That's higher than analysts' expectations of $68.75 billion, according to Refinitiv.

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