News Formal

CVS jumps on earnings beat as its merger with insurance company Aetna begins to pay off

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The company's new HealthHUB locations will represent the direction CVS plans to take following the $70 billion Aetna merger.

CVS traded as much as 5.6% higher on Wednesday after beating second-quarter earnings expectations and raising its yearly profit forecast for the second time in 2019. The earnings beat arrives as the company plans to open about 50 HealthHUB stores by the end of the year. The new venture represents the direction CVS hopes to go in after acquiring health insurer Aetna for $70 billion in November. The earnings beat comes after rival Walgreens announced Tuesday it plans to close 200 US stores.

CVS traded as much as 5.6% higher on Wednesday after beating second-quarter earnings expectations and raising its yearly profit forecast for the second time in 2019. The earnings beat arrives as the company plans to open about 50 HealthHUB stores by the end of the year. The new venture represents the direction CVS hopes to go in after acquiring health insurer Aetna for $70 billion in November. The earnings beat comes after rival Walgreens announced Tuesday it plans to close 200 US stores.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CVS posts big earnings beat, raises full-year forecastCVS hiked its full-year forecast after beating analysts' second-quarter earnings and revenue expectations.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: CVS, Office Depot, Wendy's, Cambrex, Hertz & moreStocks making the biggest moves premarket: CVS, Office Depot, Wendy's, Hertz & more Looks like Einstein has had a haircut. Hope it hasn’t changed his luck. $NVTA buy it now before cnbc starts talking about it. OphirGottlieb
Source: CNBC - 🏆 12. / 72 Read more »

CVS posts big earnings beat, raises full-year forecastCVS hiked its full-year forecast after beating analysts' second-quarter earnings and revenue expectations.
Source: CNBC - 🏆 12. / 72 Read more »

KLA Corp. stock slips after earnings beat amid tech selloffKLA Corp. shares slipped in the extended session Monday after the semiconductor-equipment maker topped Wall Street earnings estimates for the quarter amid a...
Source: MarketWatch - 🏆 3. / 97 Read more »