![[Review] Huawei Mate Xs 2 foldable phone features, camera, performance](https://cdn01.vulcanpost.com/wp-uploads/2022/06/review-huawei-mate-xs-2-0001.jpg)
Textual content measurement
Procuring carts sit in a car parking zone at a CVS retailer in Greenbrae, California.
Justin Sullivan/Getty Photos
CVS Well being
reported first-quarter adjusted earnings that topped analysts’ forecasts and the corporate raised its earnings vary outlook for the fiscal 12 months.
CVS posted first-quarter adjusted earnings of $2.22 a share. Income rose 11.2% to $76.8 billion.
Analysts surveyed by FactSet anticipated CVS (ticker: CVS) to earn an adjusted $2.17 a share within the first quarter on gross sales of $75.5 billion. A 12 months earlier, the corporate reported a revenue of $2.04 a share on gross sales of $69.1 billion.
The corporate’s pharmacy companies section posted income of $39.5 billion, up practically 9% from a 12 months earlier. Income on the health-insurance unit rose 13% within the first quarter to $23.1 billion.
The inventory rose 1.8% in premarket buying and selling Wednesday to $97.70.
The well being big mentioned in a press launch Wednesday that it expects fiscal-year adjusted earnings of $8.20 to $8.40 a share. It beforehand anticipated earnings of $8.10 to $8.30.
CVS additionally confirmed its money movement from operations steerage vary of $12 billion to $13 billion.
The corporate mentioned it administered greater than 6 million Covid-19 assessments and greater than 8 million Covid-19 vaccines within the first quarter.
Write to Joe Woelfel at joseph.woelfel@barrons.com
