CVS Q3 GAAP loss $(2.60) on opioid/LTC charges; adj. EPS $2.09 beat; raises full-year adj. guidance

CVS HEALTH Corp

2022-Q3 EPS reported $1.40 revenue$238,621,000,000

Total revenues $81.2B (+10.0% YoY); GAAP diluted loss per share $(2.60) vs $1.20 EPS prior year.
GAAP results include $5.2B pre-tax opioid litigation charge and $2.5B pre-tax loss on LTC business held for sale.
Adjusted EPS of $2.09 vs $1.97 prior year; full-year adj. EPS guidance raised to $8.55-$8.65 from $8.40-$8.60.
Full-year GAAP EPS guidance lowered to $3.12-$3.22 from $7.23-$7.43 due to the charges.
Agreed to acquire Signify Health for $30.50/share (~$8B total); repaid $2.6B debt and paid $726M dividends in Q3.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CVS HEALTH Corp reported three months ended September 30, 2022 results: revenue $81.2 billion, EPS $(2.60). Guidance raised.

Period: three months ended September 30, 2022
Revenue: $81.2 billion
EPS: $(2.60)
Guidance: raised
Result: reported results

Exact text from the filing

Corporation (NYSE: CVS) today announced operating results for the three months ended September 30, 2022. THIRD QUARTER RESULTS KEY FINANCIAL DATA • Total revenues increased to $81.2 billion, up 10.0% compared to prior year • GAAP loss per share of $(2.60), inclusive of $5.2 billion pre-tax opioid litigation charges and a $2.5 billion pre-tax loss on assets held for

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CVS HEALTH Corp reported 2022 (year-to-date) results: revenue $238.6 billion, EPS $1.40. Guidance raised.

Period: 2022 (year-to-date)
Revenue: $238.6 billion
EPS: $1.40
Guidance: raised
Result: reported results

Exact text from the filing

Total revenues increased to $238.6 billion, up 10.7% compared to prior year

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Source: SEC EDGAR

accession 0000064803-22-000037

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