CVS Health Corp beat estimates for quarterly earnings on Wednesday and raised it...
FILE PHOTO: Logos of CVS and Aetna are displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. REUTERS/Lucas Jackson/File Photo
The company’s upbeat outlook could allay some concerns about reimbursement pressures on the sector, particularly after rival Walgreens Boots Alliance last month spooked investors by cutting its full-year profit forecast. The drugstore chain operator and pharmacy benefits manager said it earned $1.62 per share excluding items, beating analysts’ average estimate of $1.50 per share, according to IBES data from Refinitiv.
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