CVS Health Corp ( (CVS) ) has released its Q3 earnings. Here is a breakdown of the information CVS Health Corp presented to its investors.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
CVS Health Corp, a leading health solutions company, reported its third-quarter 2024 earnings, highlighting its role in delivering integrated healthcare services across America. The company’s revenue saw a 6.3% increase to $95.4 billion compared to the previous year, driven by growth in the Health Care Benefits and Pharmacy & Consumer Wellness segments. However, CVS Health faced challenges with a significant decrease in operating income due to charges related to premium deficiency reserves and restructuring efforts. Total adjusted operating income fell by 42.8%, primarily due to increased utilization and premium reserves in the Health Care Benefits segment, although there were gains in the Health Services and Pharmacy & Consumer Wellness segments. Looking forward, CVS Health remains committed to executing its integrated strategy to improve healthcare outcomes for its vast customer base, despite the current challenges in the Health Care Benefits segment.
