US EditionCVS Health 2024 Profits Eclipse $4.6 Billion Despite Rising Costs
- CVS Health reported a net income of $4.6 billion for 2024, down from $8.3 billion in 2023.
- Total revenues for CVS Health increased by 4.2% to $372.8 billion in 2024 compared to 2023.
- CVS Health's health services segment generated $47.02 billion in revenue for the fourth quarter, down more than 4% compared to the same quarter in 2023.
- CVS Health expects adjusted profits of $5.75 to $6 per share for 2025, aligning with analysts' expectations.
24 Articles
24 Articles
CVS Health tops profit estimates as new CEO pursues turnaround; shares surge
CVS Health beat Wall Street estimates for fourth-quarter profit on Wednesday and provided an annual forecast that largely met expectations, hinting at an improvement in performance in its first full quarter under new CEO David Joyner.
CVS Health steers through rising insurance costs in strong fourth quarter
(AP) — CVS Health steered through rising costs in its insurance division to handily beat profit expectations on Wall Street. The drugstore chain and pharmacy benefits manager earned $1.64 billion, or $1.30 per share for the period ended Dec. 31. A year earlier the company earned $2.05 billion, or $1.58 per share. ALSO READ: CVS Health cutting 23 Rhode Island-based jobs Removing one time costs and benefits, earnings were $1.19 per share, ea…
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