August 7, 2019 / 11:09 AM / 12 days ago

CVS Health posts second-quarter profit on Aetna strength

Aug 7 (Reuters) - CVS Health Corp on Wednesday reported a profit for the second quarter compared with a year-ago loss, benefiting from its Aetna health insurance acquisition and higher sales of prescription drugs.

The company reported net income of $1.94 billion, or $1.49 per share, for the second quarter ended June 30, compared with a loss of $2.56 billion, or $2.52 per share, a year earlier.

CVS had taken a $3.9 billion goodwill impairment charge related to its Omnicare business in the second quarter of 2018.

Revenue rose 35.2% to $63.43 billion. (Reporting by Manas Mishra in Bengaluru; Editing by Maju Samuel)

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