Did someone mention that its earnings season?
Jim Cramer and Katherine Ross are back with the breakdown you need to navigate Wednesday on Wall Street.
CVS Gets Its Pill
CVS (CVS - Get Report) reported adjusted earnings for the three months ending in March came in at $1.62 per share, rising 9.5% from the same period last year and beating the Street consensus forecast by 11 cents. Group revenues grew 34.8% to $61.6 billion, topping analysts' forecasts of $60.39 billion.
CVS $CVS reports earnings:— TheStreet (@TheStreet) May 1, 2019
- Revenues of $61.6 billion
- Adjusted operating income of $3.6 billion
- Adjusted EPS of $1.62
- Generated cash flow from operations of $1.9 billion
- Revised GAAP operating income guidance range to $11.8 billion to $12.0 billion
Jim explains whether it is time to add the stock to your portfolio.
Does Apple Even Need another 'iPhone Moment?
Apple (AAPL - Get Report) sent the markets higher in early trading Wednesday after reporting strong earnings. The iPhone maker reported second quarter revenue of $58.02 billion and earnings per share of $2.46
Apple offset a significant decline in iPhone revenues, which fell 17% to $31.05 billion with strong results in its services division. Revenue from Apple Pay, iTunes and Apple Music grew 16% to a record $11.45 billion.