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Form 8-K · Current Report · Filed 2024-11-06

CVS Health Reports Lower Earnings in Q3 2024

CVS Health Corporation reported a decline in both GAAP and adjusted earnings per share for the third quarter of 2024, primarily due to increased costs and premium deficiency reserves in its Health Care Benefits segment.

Filer
CVS Health Corporation CVS · NYSE
Filed
Accession
0000064803-24-000033
CIK
0000064803
Signal
High impactHealthcare

Details

The company also provided financial highlights and detailed segment performance for the quarter, including revenues and operating income for each segment. An exhibit with the press release was furnished as part of the filing.

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Miss General Statement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$55.34

Next session

+3.1%

Since filing

+88.7%

Latest close

$104.43

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from CVS reporting the same item, with the next session's move:

Exhibits (1)

About CVS Health Corporation

CVS Health Corporation is a leading health services company in the United States, offering a comprehensive range of services aimed at improving healthcare accessibility and convenience. Primarily known for its extensive network of pharmacies, CVS Health operates thousands of retail locations nationwide. These outlets provide prescription medications, over-the-counter drugs, health and wellness products, and immunization services. Beyond retail, CVS Health plays a significant role in the healthcare sector through its pharmacy benefit management division, Caremark, which administers prescription drug plans for insurers and employers. Additionally, the company owns Aetna, a major health insurance provider, aligning its services across retail, pharmacy benefits, and insurance solutions to deliver integrated healthcare experiences. With its broad reach and diverse healthcare offerings, CVS Health Corporation holds a critical place in the healthcare market, continuously working to streamline and enhance the delivery of medical services across the country.

Exchange NYSE Industry Healthcare Plans Company website ↗

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