From the first quarter of 2015 to the first quarter of 2016, CVS Health’s net revenue increased 18.9 percent from $36.3 billion to $43.2 billion. This result beats Wall Street analysts’ first quarter expectations for the company, according to The Associated Press. Twenty-six analysts surveyed by Zacks Investment Research predicted net revenues of $42.98 billion.
During the same period, revenue for its pharmacy segment rose 20.5 percent to $28.8 billion. Revenue for its retail segment increased 18.6 percent to $20.1 billion.
Between the first quarter of 2015 and the first quarter of 2016, operating profit also grew 2 percent from $2.13 billion to $2.18 billion.
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