February 20, 2019 / 12:06 PM / 3 months ago

CVS Health quarterly revenue rises 12.5 pct

Feb 20 (Reuters) - CVS Health Corp reported a 12.5 percent increase in quarterly revenue on Wednesday, driven by strong pharmacy sales and its recent acquisition of health insurer Aetna.

The drugstore chain operator and pharmacy benefits manager booked a net loss of $419 million, or 37 cents per share, in the fourth quarter ended Dec. 31, compared with a net income of $3.29 billion, or $3.22 per share, a year earlier when it benefited from changes to U.S. tax laws.

Revenue rose to $54.42 billion in the quarter from $48.39 billion a year earlier. (Reporting by Aakash Jagadeesh Babu and Manas Mishra in Bengaluru Editing by Saumyadeb Chakrabarty)

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