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Invalid DateInvalid DateUpdated 11 hours ago


CVS HEALTH BEATS QUARTERLY PROFIT ESTIMATES ON LOWER MEDICAL COSTS

By Reuters Staff

1 Min Read



FILE PHOTO: People walk by a CVS pharmacy store in Manhattan, New York, U.S.,
November 15, 2021. REUTERS/Andrew Kelly

(Reuters) - CVS Health beat quarterly profit estimates on Wednesday, as a
decline in hospitalizations from COVID-19 helped bring down medical costs at its
Aetna insurance business.

The company posted an adjusted profit of $1.99 per share, above estimates of
$1.92 per share, according to Refinitiv IBES data.

CVS reaffirmed its full-year adjusted profit forecast of between $8.70 and $8.90
per share.

Reporting by Raghav Mahobe and Bhanvi Satija in Bengaluru; Editing by Shinjini
Ganguli

Our Standards: The Thomson Reuters Trust Principles.



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