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Cvs Health Corp  (CVS)
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    Sector  Retail    Industry Pharmacy Services & Retail Drugstore


Significant EPS Decline, Sales are Up

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Cvs Health Corp announced first quarter 2017 operating income of $1793 millions and cut it's earnings guidance

Cvs Health Corp announced earnings per share of $0.92 and Sales of $51.94 billions in the first quarter 2017, Company's income dropped by -31.34 % per share, versus $1.34 eps, earned in the same quarter a year ago, although Cvs Health Corp saw it's Sales rise by 8.19 % in the same period.

In contrast to the forth quarter 2016 Sales deteriorated by -14.3 % from $51.94 billions and profit plummeted by -53.06 % from $1.96 per share.

Profits improved in following segments: Retail Pharmacy 7.6%, PBM 6.9%. Net income of $953 millions in the first quarter 2017 fell by -36.42 % from $1,499 millions in the corresponding period a year before. Cvs Health Corp shifted it's focus on improving sales in the first quarter 2017, as a result net margin eased to 2.14%. Cvs Health Corp cut it's annual earnings per share forecast by $ -0.15, now company expects eps from $4.69 to $4.73.

Analysing further company's results, an astounding rise of 269.57% in Mail choice claims processed to 76.50 millions explains the first quarter 2017 performance.
Continuing with Cvs Health Corp's first quarter 2017 report, company pointed out increase in: Retail drugstores operated 7,981.00 up 3.99 %.
While following 6 indicators decreased catastrofaly: Pharmacy network claims processed -59.69 %, Pharmacy claims processed -30.09 %, Avg. Rev. Per Mail choice claim -67.29 %. Worst was: Avg. Rev. Per Mail choice claim.
Other CVS's Earnings Reports

Cvs Health reported forth quarter 2016 earnings

Cvs Health reported second quarter 2016 earnings

Cvs Health reported first quarter 2016 earnings

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