HALISTER: CVS Health Raises 2016 View; 2Q EPS Beats, Revenue Misses Est.

CVS Health Raises 2016 View; 2Q EPS Beats, Revenue Misses Est.

(Bloomberg) -- CVS sees 2016 adj EPS $5.81-$5.89, saw $5.73-$5.88 (May 3), est. $5.82.
  • Sees 2016 FCF $6.3b-$6.6b, saw $5.3b-$5.6b
  • Sees 3Q adj. EPS $1.55-$1.58, est. $1.55 (range $1.46-$1.65)
  • 2Q adj. EPS $1.32, saw $1.28-$1.31, est. $1.30
  • 2Q rev. $43.7b, est. $44.28b
  • Sees 2017 shaping up to be another very successful PBM selling season, with substantial gross and net new business to date
  • Call 8:30am http://investors.cvshealth.com; preview
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
CVS US (CVS Health Corp)

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UUID: 7947283

(2) *CVS 2Q ADJ EPS $1.32, EST. $1.30; RAISES YEAR FORECAST RANGE

*CVS 2Q ADJ EPS $1.32, EST. $1.30; RAISES YEAR FORECAST RANGE

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
CVS US (CVS Health Corp)
TGT US (Target Corp)

People
Larry Merlo (CVS Health Corp)

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UUID: 7947283

HALISTER: Emerson to Sell Network Power for $4b to Platinum Equity

Emerson to Sell Network Power for $4b to Platinum Equity

(Bloomberg) -- Emerson agrees to sell Network Power to Platinum Equity, a group of co-investors in deal valued at $4b.
  • EMR will retain subordinated interest in Network Power
  • Sale is expected to close by year end
  • EMR reports 3Q 7am
Link to Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
EMR US (Emerson Electric Co)

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UUID: 7947283

(2) *EMERSON TO SELL NETWORK POWER FOR $4 BLN TO PLATINUM EQUITY

*EMERSON TO SELL NETWORK POWER FOR $4 BLN TO PLATINUM EQUITY

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
EMR US (Emerson Electric Co)

People
David Farr (Emerson Electric Co)
Jacob Kotzubei (Platinum Equity LLC)
Mark Polzin (Emerson Electric Co)
Tom Gores (Platinum Equity LLC)

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UUID: 7947283