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8/4, 12:33 PM (Source: TeleTrader)
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CVS sees 11.1% rise in revenues to $72.6B in Q2

CVS Health announced on Wednesday the company's revenues in the second quarter amounted to $72.6 billion, marking an 11.1% increase on the year and above analyst projections.

Meanwhile, the healthcare company reported earnings per share (EPS) of $2.10 for the same period. "We delivered another quarter of strong results and once again raised our outlook for the year," CVS Health President and CEO Karen S. Lynch commented on the quarterly results.

According to the update, CVS raised its diluted EPS guidance from the $6.24 to $6.36 range to $6.35 to $6.45. Shares of CVS are up over 22% since the beginning of the year.

Breaking the News / JC