CVS Health: Q3 EPS more than halved

(CercleFinance.com) - CVS Health has reported Q3 2024 adjusted EPS that was less than half its level a year ago (-51%) at $1.
09, penalized (about 63 cents) by charges for premium deficiency reserves in its healthcare benefits segment.

The group explains that these exceptional charges, totaling $1.1bn, relate to anticipated losses for the last three months of the year, within its Medicare and individual exchange product lines.

CVS Health's adjusted operating profit fell 42.8% to $2.55bn, on revenues that rose 6.3% to over $95.4bn, driven by the healthcare benefits and consumer pharmacy-wellness segments.


Copyright (c) 2024 CercleFinance.com. All rights reserved.