The shares for CVS Health Corp (NYSE:CVS) have increased by 1.1% on Tuesday premarket trading. Their second quarter earnings and revenues seem to have beaten the estimates. The net income which they massed for that quarter is $1.01 billion and it is up from $924 million. The revenue for that year came to $45.7 billion which is better than the $45.4 billion consensus by FactSet.
Among other shares, Wayfair Inc (NYSE:W) has soared to a record high. They saw a phenomenal increase of 6.7% on premarket trade Tuesday. This happened because they faced less than expected second quarter loss. The decrease in Wayfair Inc (NYSE:W) losses led to a great performance. Their net losses turned out to be $38.9 million which is down from $48.3 million that was recorded last year. The revenue has grown to $1.12 billion as compared to $786.9 million last year and Wayfair Inc (NYSE:W) actual number is even better than that of the FactSet consensus. The active users have seen a great increase as they have witnessed a growth of 43.1%
Further, Walt Disney Co (NYSE:DIS) along with disclosing the details of their earnings also announced that they will launch ESPN and Disney streaming services and they intend to end Netflix deal. This is the start of an entirely new growth strategy by the company and the company is hopeful they it will be the start of good times. Walt Disney Co (NYSE:DIS) announced their net income of $2.37 billion. The shares fell by nearly 3% almost immediately after the announcement was made.