CVS Health earnings top forecasts on pharmacy, health care benefits strength

📆 01/11/2023 06:40 a. m.
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CVS stuck to its full-year profit forecasts despite a solid top and bottom line beat in its third quarter earnings report.

posted stronger-than-expected third quarter earnings Wednesday, powered by gains in its pharmacy and health care benefits division, but stuck to its full-year profit forecasts.

Pharmacy & Consumer sales, which were formerly reported in the Retail segment, were up 6% to $28.87 billion,"driven increased prescription volume and brand inflation,' CVS said. Health Care Benefits revenues were up 16.9% to $26.3 billion.

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CVS Health’s stock up after earnings beat, but company lowers full-year EPS guidanceCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
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