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.
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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