CVS results top expectations, lifted by strong health services revenue
Publishing timestamp: 2023-11-01 16:07:03
Summary
CVS reported third-quarter adjusted earnings and revenue that exceeded Wall Street's expectations. The company's health services segment generated strong revenue, driven in part by growth in specialty pharmacy services and recent acquisitions. CVS lowered its full-year unadjusted earnings forecast but maintained its guidance for adjusted full-year earnings per share. The article also mentions a nationwide walkout by pharmacy staff and CVS's efforts to address concerns.
Sentiment: MIXED
Keywords: breaking news: earnings, health care industry, earnings, biotechnology, business, rite aid corp, pharmacy operators, breaking news, cvs health corp, biotech and pharmaceuticals, business news, walgreens boots alliance inc, dividends, pharmaceuticals,
Source: https://www.cnbc.com/2023/11/01/cvs-health-cvs-earnings-q3-2023.html