Top 5 Gainers on Wednesday

2. CVS Health Corporation (NYSE:CVS)

Number of Hedge Fund Holders: 72

Shares of CVS Health Corporation (NYSE:CVS) turned green this morning after the healthcare giant beat profit and sales expectations for the second quarter. The Woonsocket-based company reported adjusted earnings of $2.40 per share, smashing the expectations of $2.18 per share.

Revenue for the quarter rose 11 percent on a year-over-year basis to $80.6 billion, while analysts were expecting CVS Health Corporation (NYSE:CVS) to generate revenue of $76.4 billion.

Speaking on the results, CEO of CVS Health Corporation (NYSE:CVS), Karen S. Lynch, said:

“Despite a challenging economic environment, our differentiated business model helped drive strong results this quarter, with significant revenue growth across all of our business segments. The continued success of our foundational businesses accelerated our strategy to expand access to health services and help consumers navigate to the best site of care.”