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Before the opening bell on Tuesday, CVS Health (CVS ) posted higher results for the fourth quarter, which beat analysts’ expectations.
President and CEO Larry Merlo commented: “By any measure, 2014 was a great year for our company. We delivered strong financial performance, with solid year-over-year growth in revenues, operating profit, earnings per share and cash flow. Our performance in the fourth quarter was no exception, with Adjusted EPS increasing 8.4%, coming in at the high end of our expectations. At the same time, we generated free cash flow for the full-year of $6.5 billion, exceeding our expectations.”
CVS paid its last 35 cent dividend on February 2. We expect the company to declare its next dividend in March.
Shares of CVS were up $1.79, or 1.80%, during premarket trading Tuesday. YTD, the stock is up 3.37%.