CVS Health Corp (NYSE:CVS) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
CVS Health Corp announced earnings per share of $1.91 on revenue of $66.76B. Analysts polled by anticipated EPS of $1.62 on revenue of $64.04B. That with comparison to EPS of $1.62 on revenue of $61.65B in the same period a year before. CVS Health Corp had reported EPS of $1.73 on revenue of $66.89B in the previous quarter. Analysts are expecting EPS of $1.82 and revenue of $64.99B in the upcoming quarter.
CVS Health Corp shares are down 17% from the beginning of the year , still down 20.54% from its 52 week high of $77.03 set on November 25, 2019. They are under-performing the S&P 500 which is down 11.6% year to date.
CVS Health Corp follows other major Services sector earnings this month
CVS Health Corp's report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on April 30 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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