CVS’s staggering 50% drop in first-quarter net income rattles markets, raising concerns over consumer resilience and economic stability.
BREAKING: CVS Pharmacy stock, $CVS, crashes 13% after posting a massive earnings miss and lowering guidance.
CVS' net income fell to $1.12 billion in Q1 2024, down from $2.14 billion in Q1 last year.
That's a near 50% DROP in their first quarter net income year-over-year.
CVS… pic.twitter.com/eT4ymohmxg
— The Kobeissi Letter (@KobeissiLetter) May 1, 2024
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