The results come one quarter after CVS launched a sweeping cost-cutting program as part of its push to transform from a major drugstore chain to a large health-care company.on Wednesday reported third-quarter adjusted earnings and revenue that topped Wall Street's expectations, lifted in part by strong revenue from the company's health services business.The company reported net income of $2.27 billion, or $1.75 per share, for the third quarter. That compares with a net loss of $3.
to protest what they call harsh working conditions that put both employees and patients at risk. CVS told CNBC last week that the company is engaging with staff to directly address any concerns that they might have.as part of its push to transform from a major drugstore chain to a large health-care company. The company deepened that push earlier this year with its nearly $8 billion acquisition of health-care provider Signify Health and $10.
Analysts had expected the division to bring in $45.19 billion in sales, according to estimates compiled by StreetAccount. The company's pharmacy and consumer wellness division booked $28.87 billion in sales for the quarter, up 6% from the year-ago period. That segment dispenses prescriptions in CVS's retail pharmacies and provides other pharmacy services, such as diagnostic testing and vaccination.
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