- CVS reported Q4 earnings of $1.27 billion, or $1.05 per share, up from $1.13 billion, or 90 cents per share, a year ago.
- Excluding special items, earnings were $1.12 per share, up from 96 cents per share last year and above analysts' estimate of $1.11 per share.
- Revenue rose to $32.83 billion from $31.40 billion last year. Analysts expected to see revenue of $32.67 billion.
- Looking forward, the company expects to see Q1 earnings between $1.03 and $1.06 per share, while analysts are expecting EPS of 98 cents.
- For FY2014, CVS is expecting earnings between $4.36 and $4.50 per share. On average, analysts expect to see earnings of $4.47 per share.
President and CEO Larry Merlo commented: "I am very pleased with our fourth quarter results, which came in at the high end of our expectations and helped produce a record year. As expected, the quarter was somewhat atypical, largely due to the timing of Medicare Part D profits within the PBM and the timing of break-open generics across the enterprise. Overall, the year 2013 produced strong growth in revenues, gross margin, operating margin and earnings across the enterprise."CVS Dividend CVS paid its last quarterly dividend of 27.5 cents on February 3. This dividend was a 22% increase from the stocks prior dividend. We expect the company to announce its next dividend in March. Stock Performance CVS shares were up $1.05, or 1.57%, during pre-market trading Tuesday. The stock is down 6% YTD.