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WOONSOCKET, R.I. 鈥� CVS Health easily topped analysts鈥� forecasts for revenue and earnings for the first quarter ended March 31.

The company posted adjusted earnings per share of $2.57, beating Wall Street鈥檚 projected $2.21.

Revenue of $100.4 billion was ahead of the consensus estimate of $95 billion.

All of the company鈥檚 businesses, including Aetna, Caremark and its retail pharmacy and health services segment, beat analysts鈥� revenue expectations.

CVS raised its full-year outlook for adjusted EPS to between $7.30 and $7.50 per share from a previous guidance of $7 to $7.20.

Revenue for the year is now projected at $405 billion at minimum, up from the prior outlook of at least $400 billion.

Net income for the quarter was $2.96 billion, up 66% from the year-ago period. 

鈥淐VS Health continues to provide what people want most from health care: a connected, convenient, cost-effective engagement experience across our unique collection of businesses,鈥� said chairman and CEO David Joyner. 鈥淲e build trust every day in communities across the country by providing better access, affordability and care to nearly 185 million people. Our positive performance is driven by strong execution across our enterprise. We will continue to build momentum through delivering on our strategy and a steadfast focus on our purpose 鈥� to simplify health care one person, one family and one community at a time.鈥�

Total revenue for the quarter increased 6.2%, driven by growth across all operating segments. Aetna鈥檚 gain of about 3% was especially notable, given the struggles of insurers with increased medical expenses over the past year.

CVS鈥檚 operating income surged 38.7%, primarily due to increased adjusted operating income, as well as the absence of a $387 million legacy litigation charge and a $247 million pre-tax loss on the wind-down and sale of accountable care assets, both recorded in the prior year.

Adjusted operating income climbed 12.5%, primarily driven by a 52.6% gain in the Health Care Benefits segment (Aetna) to $3.0 billion.

Aetna鈥檚 revenue rose to $35.97 billion from $34.8 billion a year earlier.

Caremark鈥檚 revenue advanced 11% from $43.5 billion last year to $48.2 billion.

Retail division revenue edged up from $31.9 billion to $32 billion.