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CVS Health tops Q2 earnings estimates and raises guidance

·1 min read
CVS Health tops Q2 earnings estimates and raises guidance
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CVS Health Corp. posted earnings that topped estimates Wednesday and again raised its guidance. Woonsocket, RI.-based CVS posted net income of $2.791 billion, or $2.10 a share, for the quarter, down from $2.986 billion, or $2.26 a share, in the year-earlier period. Adjusted per-share earnings came to $2.42, ahead of the $2.07 FactSet consensus. Revenue rose to $72.6 billion from $65.3 billion to also beat the $70.2 billion FactSet consensus. Front store same-store sales rose 12.0% and pharmacy s