CVS Health: Q3 Earnings Snapshot

WOONSOCKET, R.I. (AP) — WOONSOCKET, R.I. (AP) — CVS Health Corporation (CVS) on Wednesday reported third-quarter net income of $2.17 billion.

The Woonsocket, Rhode Island-based company said it had net income of $1.68 per share. Earnings, adjusted for one-time gains and costs, were $2.09 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.

The drugstore chain and pharmacy benefits manager posted revenue of $108.4 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $105.04 billion.

CVS Health expects full-year earnings to be $8.20 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVS at https://www.zacks.com/ap/CVS