earnings
confidence high
sentiment negative
materiality 0.80
CVS Health Q3 GAAP EPS $0.07, Adjusted EPS $1.09; records $1.1B premium deficiency reserve
CVS HEALTH Corp
2024-Q3 EPS reported
$2.35
revenue$275,099,000,000
- Total revenues $95.4B (+6.3% YoY); GAAP diluted EPS $0.07 vs $1.75 prior year.
- Adjusted EPS $1.09 vs $2.21 prior year; operating income $832M down from $3.69B.
- Health Care Benefits segment recorded ~$1.1B premium deficiency reserves ($0.63/share) for Medicare and individual exchange.
- Year-to-date cash flow from operations $7.2B; CEO highlights strong Health Services and Pharmacy segments but challenges in Health Care Benefits.