WOONSOCKET, R.I. (AP) _ CVS Health Corporation (CVS) on Wednesday reported fourth-quarter net income of $1.31 billion.
On a per-share basis, the Woonsocket, Rhode Island-based company said it had profit of 98 cents. Earnings, adjusted for one-time gains and costs, came to $1.98 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.
The drugstore chain and pharmacy benefits manager posted revenue of $76.6 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $76.01 billion.
CVS Health expects full-year earnings in the range of $8.10 to $8.30 per share.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVS at https://www.zacks.com/ap/CVS
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