CVS shares pop 15% on big earnings beat, even as high medical costs drag down insurance unit
Publishing timestamp: 2025-02-12 11:32:24
Summary
CVS Health reported fourth-quarter revenue and profit that topped estimates, even as its troubled insurance business saw higher medical costs. The company also issued a full-year 2025 adjusted profit outlook in line with Wall Street's expectations. CVS did not provide a revenue forecast for the year and closed 15% higher on Wednesday. The company's insurance business saw increased revenue but reported an adjusted operating loss due to higher medical costs and lower Medicare Advantage star ratings. CVS' health services segment revenue decreased, while the pharmacy and consumer wellness division saw an increase in sales.
Sentiment: MIXED
Keywords: health care industry, biotechnology, business, business news, pharmaceuticals, retail industry, biotech and pharmaceuticals, breaking news: business, breaking news: earnings, cvs health corp, tyson foods inc, earnings,
Source: https://www.cnbc.com/2025/02/12/cvs-health-cvs-earnings-q4-2024.html