CVS Health Reports Strong Q3 Growth
Reading
CVS Health had good sales in the third quarter. Drugstores and pharmacy business grew a lot for them. The company did better than expected, which is good news.
CVS Health raised its forecast for 2025 a lot. This means they think they will do better. But they had a big charge because of a care business change.
The company sold more prescriptions at drugstores now. They got more customers from Rite Aid closing. Health insurance sales also went up by nine percent for them.
CVS Health had a big charge for its care business. This includes clinics like Oak Street Health. They will close some clinics that are not doing well next year.
CVS Health expects earnings to be $6.55 to $6.65 this year. This is better than they thought before. The company runs drugstores and manages drug benefits for many people.
Questions
How did CVS Health perform in the third quarter?
CVS Health had good sales and their drugstores and pharmacy business grew a lot.
What did CVS Health do with its forecast for 2025?
CVS Health raised its forecast for 2025 a lot, meaning they think they will do better.
What is CVS Health's expected earnings for this year?
CVS Health expects earnings to be $6.55 to $6.65 this year.
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