CVS Health Q1 GAAP EPS $0.88 vs $1.65; FY2024 guidance slashed on Medicare pressure

CVS HEALTH Corp

2024-Q1 EPS reported $0.88 revenue$88,437,000,000

Q1 revenues rose 3.7% to $88.4B; GAAP diluted EPS $0.88 vs $1.65; adjusted EPS $1.31 vs $2.20.
Operating income fell to $2.3B from $3.4B; Health Care Benefits segment pressured by Medicare utilization.
FY2024 guidance cut: GAAP EPS at least $5.64 (from $7.06); Adj EPS at least $7.00 (from $8.30).
Q1 cash flow from operations $4.9B; FY guidance reduced to at least $10.5B from $12.0B.
CEO cites Medicare Advantage challenges; expects elevated cost trends to persist through 2024.

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 full-year 2024 results: EPS Revised GAAP diluted EPS guidance to at least $5.64 from at least $7.06. Guidance lowered.

Period: full-year 2024
EPS: Revised GAAP diluted EPS guidance to at least $5.64 from at least $7.06
Guidance: lowered
Result: guidance update

Exact text from the filing

Revised GAAP diluted EPS guidance to at least $5.64 from at least $7.06

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CVS HEALTH Corp reported the three months ended March 31, 2024 results: revenue $88,437, EPS $0.88.

Period: the three months ended March 31, 2024
Revenue: $88,437
EPS: $0.88
Result: reported results

Exact text from the filing

results for the three months ended March 31, 2024. Financial Results Summary Three Months Ended March 31, In millions, except per share amounts 2024 2023 Change Total revenues $ 88,437 $ 85,278 $ 3,159 Operating income 2,271 3,446 (1,175) Adjusted operating income (1) 2,957 4,370 (1,413) Diluted earnings per share $ 0.88 $ 1.65 $ (0.77) Adjusted EPS (2) $ 1.31 $

View on SEC.gov

379 earnings releases filed in the last 30 days. Browse all earnings releases →

CVS HEALTH Corp filing history →

Source: SEC EDGAR

accession 0000064803-24-000015

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.