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CVS Health (NYSE: CVS) 1Q19 Results: Strong Aetna Performance Boosts Revenues, Prompts Guidance Raise

Executive Summary

  • CVS Health reported 1Q19 revenues of $61.6 billion, ahead of the consensus estimate and up 34.8% year over year. Adjusted EPS was $1.62, up 9.5% year over year and above the consensus estimate.
  • CVS closed its acquisition of Aetna in Novesmber 2018, so this is the first full quarter of combined operations.
  • For FY19, CVS raised adjusted EPS guidance to $6.75-6.90 from $6.68-6.88. 

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