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5/4, 12:32 PM (Source: TeleTrader)
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CVS' Q1 revenue beats estimates at $69.1B

CVS stated on Tuesday that its revenue amounted to $69.1 billion in the first quarter of 2021, after rising 3.44% from the last year's first-quarter figure and beating the analysts' expectations.

Meanwhile, GAAP diluted earnings per share were up to $1.68, jumping 9.8% from $1.53 in the same quarter of 2020. Net income attributable to CVS Health came in at $2.2 billion, 10.5% higher than the previous year's figure.

"We continue to execute on our strategy while simultaneously managing through a pandemic, helping the country on the road to recovery. Our unmatched assets and strength of our brand are driving results as we work toward improving care delivery and driving growth," CVS Health CEO Karen Lynch commented.

The firm's stocks jumped 2.91% in the premarket after the release.

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