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CVS (NYSE: CVS) 4Q18 Results: Revenues Beat Consensus; FY19 Profit Outlook Poor Due to Aetna Integration

Executive Summary

  • CVS reported 4Q18 revenues of $54.4 billion, beating the consensus estimate and up 12.5% year over year. Adjusted EPS came in $2.14, up 11.5% year over year and above the consensus estimate.
  • CVS grew FY18 revenues by 5.3% to $194.0 billion and adjusted EPS by 19.9% to $7.08.
  • For FY19, CVS expects revenues to grow 28.4-30.7% to $249.9-254.3 billion.

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