Loading...
•
Mar 31, 2023
CVS Health Q1 2023 Earnings Report
Reported strong first-quarter results, driven by revenue growth across all segments, and completed the acquisitions of Signify Health and Oak Street Health.
Key Takeaways
CVS Health reported a strong first quarter with total revenues increasing by 11.0% to $85.3 billion. GAAP diluted EPS was $1.65, and Adjusted EPS was $2.20. The company generated $7.4 billion in cash flow from operations and completed the acquisitions of Signify Health and Oak Street Health.
Total revenues increased to $85.3 billion, up 11.0% compared to prior year.
GAAP diluted EPS of $1.65 and Adjusted EPS of $2.20.
Generated cash flow from operations of $7.4 billion.
Completed the acquisitions of Signify Health and Oak Street Health.
Revenue by Segment
Forward Guidance
The Company revised its full-year 2023 GAAP diluted EPS guidance range to $6.90 to $7.12 from $7.73 to $7.93 and its full-year 2023 Adjusted EPS guidance range to $8.50 to $8.70 from $8.70 to $8.90. The Company also confirmed its full-year 2023 cash flow from operations guidance range of $12.5 billion to $13.5 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...