CVS Health's forecast points to more pain at long-term care business
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CVS Health's full-year profit forecast misses estimatesCVS Health Corp forecast full-year profit well below Wall Street estimates on We...
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CVS Health posts mixed quarterly earnings resultsCVS Health reports fourth-quarter earnings. The company closed its $70 billion acquisition of health insurer Aetna in November.
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Old problems worry investors as CVS tries to head in a new directionCVS gave its 2019 earnings forecast, which fell well short of expectations, disappointing investors and stoking fears about CVS' core business.
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CVS Reports Loss on Long-Term Care Facilities ChargeCVS said it swung to a loss in the latest quarter as the health-care company recorded a $2.2 billion charge related to its struggling long-term care facilities business and issued a lower-than-expected profit forecast for the year.
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Scale is no easy remedy for CVS price pressuresThe pharmacy firm slashed its profit forecast due to a squeeze on reimbursements and slower drug-price growth, wiping $7 bln off its market value. Buying Aetna was supposed to help it cut costs and improve patient outcomes, but that’s harder than banking on healthcare inflation.
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Amazon is projected to steal advertising market share from Google in 2019The numbers are a boon for Amazon's growing advertising segment, which offers a third stream of revenue for the company apart from its e-commerce and cloud businesses.
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