1.
Markets Total revenues The company raised its outlook for the year, saying adjusted earnings per share will be in the range of $7.14 to $7.27. Enterprise priorities to accelerate growth Pharmacist Panels that integrate pharmacy and medical data are operating in 75 pharmacies supporting over 1,200 high risk patients with engagement rates exceeding expectations The Zacks Consensus Estimate for 2020 earnings is pegged at $7.08. Acted swiftly to invest in our people and our businessesIn collaboration with federal, state and local governments:Making investments to support our consumers, clients and members, while deepening our relationships and advancing ourEstablishing additional testing sites; targeting up to 1,000 locations across the country by the end of MayStrong underlying core performance exceeded our expectationsGrowth driven by higher volume in Retail/LTC and Pharmacy Services and membership growth in Government products in Health Care BenefitsUnderlying core business performance strong prior toPrudently managing operating expenses; will reduce planned capital expenditures byGuidance is subject to key considerations, including significant uncertainties that exist surrounding the COVID-The impact of the pandemic on the U.S. and global economies, consumer behavior and health care utilization patternsThe timing, scope and impact of stimulus legislation and other governmental responses to the pandemicGiven likelihood of significant variability in impact ofSignificant acceleration of digital platform utilizationOpportunity to utilize CVS Health Retail assets to conduct nationwideIncrease of care in the home (through home delivery and other services including telehealth and infusion)Enhance flu vaccine program in anticipation of stronger than historical demandImpact of the pandemic on consumer behavior and health care utilization patternsImpact of stimulus legislation and other governmental responses to the pandemic (including on the economy and unemployment)Impact of incremental benefit costs and operating expenses associated withSource: IQVIA retail pharmacy script data for March 2020unnecessary member and patient inquiries, mailings and reducing incoming call volumesAdvancing integrated data and analytics capabilitiesAdvancing and embedding intelligent automation to streamline routine processes and optimize our utilization management capabilitiesGrowth driven by Specialty pharmacy revenue reflecting full benefit of IngenioRx that started onboarding in Q2 2019 andStrong prescription volume growth described below and increased Front Store revenues (up ~2% pre-Same store sales and prescription volume exclude revenues from MinuteClinic and revenues and prescriptions fromSource: IQVIA retail pharmacy script data for March 2020Same store sales and prescription volume exclude revenues from MinuteClinic and revenues and prescriptions from
The firm had revenue of $65.30 billion for the quarter, compared to the consensus estimate of $64.29 billion. The CVS Health Corporation ... Get Report has tentative dates for both the first and second quarter earnings for the fiscal 2020.
Topics (RTTNews) - CVS Health Corp. (CVS) will host a conference call at 8:00 AM ET on May 6, 2020, to discuss Q1 20 earnings results.To access the live webcast, log on to http://investors.cvshealth.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Trevena (TRVN) Just Days Away From FDA Decision
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cvs q1 2020 earnings