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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:
- 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

- TheStreet (@TheStreet) May 1, 2019

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.

Cramer Is on Earnings Watch:

Cramer broke down what to expect from Apache (APA - Get Report) , Qualcomm (QCOM - Get Report) and XPO Logistics (XPO - Get Report) when they report after the bell.

Related. Jim Cramer: I Keep Saying It -- Services Revenue Is the Future for Apple

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