CVS Health Reports 7% Decrease in Profit in Q2 Earnings
Q2 Revenues Up by 2.6% for CVS Health in Latest Earnings Release
CVS Health Corporation [CVS] reported a profit of $1.77 billion in the second quarter ending June 30, 2024. This figure represents a 7% decrease from the previous quarter's profit figure. The company's quarterly earnings update showcases its financial performance during the specified period.
The company, headquartered in Woonsocket, Rhode Island, reported to SEC in an 8-K filing $1.41 earnings per share in the quarter, compared to $1.48 in the previous quarter.
CVS Health Corporation, a prominent company in the healthcare sector, reported revenues of $91.2 billion. This represents a 2.6% increase compared to the previous quarter. The company's financial results showcase its growth trajectory within the industry.
In comparison to the same quarter of the previous year, CVS Health Corporation's revenue for the current quarter has increased by approximately 2.6%. Additionally, the company's profit for the current quarter reflects a 9.6% decrease when compared to the same quarter of the previous year. These figures indicate the company's financial performance over the specified period.
