FBR Still Impressed with CVS Health (CVS) Following Inline Q4 Results; Affirms at 'Outperform'
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CVS Health Reports Strong Fourth Quarter And Full Year Profit Growth For 2015; Confirms 2016 Guidance
February 9, 2016 6:51 AM ESTWOONSOCKET, R.I., Feb. 9, 2016 /PRNewswire/ --
Fourth Quarter Year-over-year Highlights:
Net revenues increased 11.0% to a record $41.1 billion Operating profit increased 17.6% to $2.7 billion GAAP diluted EPS from continuing operations of $1.34 Adjusted EPS of $1.53, an increase of 26.5%, excluding certain items (amortization, transaction and integration costs, and a $90 million charge related to a disputed 1999 legal settlement)Full Year Highlights:
Net revenues increased 10.0% to a record $153.3 billion Operating profit increased 7.4% to $9.5 billion GAAP diluted EPS from continuing operations of... More