CVS reports profit dip, revenue increase in 1Q

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CVS HEALTH Corp. reported a 16.9 percent drop in net income, but a 3 percent increase in revenue, in the first quarter. / COURTESY CVS HEALTH
CVS HEALTH Corp. reported a 16.9 percent drop in net income, but a 3 percent increase in revenue, in the first quarter. / COURTESY CVS HEALTH
WOONSOCKET – CVS Health Corp. reported a 16.9 percent drop in profit, but a 3 percent increase in revenue, in the first quarter. Net income fell to $953 million, or 92 cents per diluted share, compared with net income of $1.1 billion, or $1.04 per diluted share, a year ago. The decline was driven by…

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