CVS Health Corp on Wednesday raised its full-year profit forecast and reported f...
- CVS Health Corp on Wednesday raised its full-year profit forecast and reported first-quarter earnings that topped Wall Street estimates due to growth in its Aetna health insurance business, and as drug prices fell within its expectations.
Aetna, CVS’s health insurance unit, beat analysts’ consensus by more than a billion dollars in the quarter, helped by its accounting for lower medical costs than anticipated during the fourth quarter. “Consumerism in healthcare is here to stay,” CVS Chief Executive Larry Menlo said. “We are beginning to see this evolution through the HealthHubs. We are not just selling hundreds of products, it’s a combination of products and services.”
Sales of prescription drugs at its pharmacies were hurt as the company gets paid less for filling prescriptions. That was offset by higher volumes and higher prices of brand name drugs. CVS said it now expects full-year adjusted profit of $6.75 to $6.90 per share, compared with its prior forecast of $6.68 to $6.88.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
CVS Health beats profit estimates, raises full-year forecastCVS Health Corp beat estimates for quarterly earnings on Wednesday and raised it...
Consulte Mais informação »
CVS Health beats first-quarter expectations, raises full-year forecastCVS Health on Wednesday reported results from its fiscal first quarter.
Consulte Mais informação »
Stocks making the biggest moves midday: Apple, CVS Health, Clorox & moreThese are the stocks posting the largest moves midday Wednesday.
Consulte Mais informação »
CVS moves into dental care with teeth-straightening service SmileDirectClubCVS said it will add SmileDirectClub to hundreds of its stores. The American Assn. of Orthodontists has criticized the service.
Consulte Mais informação »
$3.2 billion startup SmileDirectClub is opening teeth-straightening shops in hundreds of CVS storesSmileDirectClub promises to straighten your teeth without you having to go near an orthodontist's office.
Consulte Mais informação »
Man trapped in outdoor pillar among 4 arrested in CVS burglaryPolice had to use a ladder to nab three suspects from the store's ceiling.
Consulte Mais informação »
CVS will bring hundreds of SmileDirectClub shops to its stores this yearCVS Health will open 'hundreds' of SmileDirectClub locations inside its stores this year, with plans to open more than 1,000 locations over the next two years, the drugstore chain announced Thursday.
Consulte Mais informação »
Police find four people hiding in the ceiling at a Texas CVSWhen police responded to a call about a possible burglary at a CVS in Texas, they found four people hiding in the ceiling
Consulte Mais informação »
CVS jumps after earnings beatCVS on Wednesday reported strong first-quarter earnings and revenue and raised its guidance for the rest of the year, sending shares up 4%.
Consulte Mais informação »
Stocks making the biggest moves premarket: Boeing, Wynn Resorts, CVS, Apple, Estee Lauder & moreThese are the stocks posting the largest moves before the bell.
Consulte Mais informação »
Here are the biggest analyst calls of the day: Target, Disney, CVS, American Airlines, & moreHere are the biggest calls on Wall Street on Monday
Consulte Mais informação »