CVS reports better-than-expected net income

Posted online February 9, 2017 | 12:29 pm

Drugstore chain and pharmacy benefits manager CVS Health Corp reported better-than-expected quarterly net income.

The company reported earnings of $1.7 billion, up from $1.5 billion a year earlier. Excluding items, the company earned $1.71 per share, beating analysts' average estimate of $1.67.

Revenue moved up 11.7 percent to $46 billion.

Read more from Reuters.

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