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Why CVS Health Stock Is Jumping Today

TheMotleyFool

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Shares of CVS Health (NYSE: CVS) were jumping 5.9% higher as of 11:17 a.m. EDT on Wednesday. The nice gain came after the pharmacy services and health insurance giant reported its second-quarter earnings results before the market opened.

CVS Health announced that its revenue in the second quarter soared 35.2% year over year to $63.4 billion. The company posted adjusted earnings per share (EPS) of $1.89, up 11.8% from the prior-year figure. CVS Health also raised its full-year 2019 adjusted EPS guidance to $6.89 to $7.00 from $6.75 to $6.90.

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