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

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Impressive Quarter


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Cvs Health Corp announced forth quarter 2016 operating income of $3481 millions and cut it's earnings guidance



Company's forth quarter 2016 income surged by 76.56 % to $1.96 per share compared to a year ago on growing Sales of 34.41 % to $51.94 billions.

In the previous quarter company realized Sales of $43.73 billions and $0.86 per share.

The earnings growth of 7.6% and 6.9%, in Retail Pharmacy and PBM businesses respectively, pushed up Cvs Health Corp's profits by 60.47 % in the forth quarter 2016, to net income of $2,001 millions for the forth quarter 2016, compare to income of $1,247 millions achieved a year before. Cvs Health Corp also emphasized it's improving profit margins, where net margin rose to 3.85% in forth quarter 2016, and operating margin edged up to 6.7%. 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 forth quarter 2016 performance.
Continuing with Cvs Health Corp's forth quarter 2016 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. Looking into financial results for the fiscal year 2016, Cvs Health Corp reported Sales of $177.53 billions and net income of $5.32 billions.

Pharmacy Services & Retail Drugstore Company explained also, that Income improved by 5.83 % to $4.90 per share from $4.63 in the previous fiscal year, while Sales improved by 15.81 % from $153.29 billions a year ago.

Cvs Health Corp is expected to report next financial results on May 01, 2017.
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