CVS Health Beats Earnings, Raises Year Forecast
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CVS Health did well in the second quarter. They made more money than people thought they would. The company has increased its forecast for the year again after a bad year in 2024.
The company said they sold more medicine at their stores. Their health insurance business also did better. This helped them have a good quarter and make more money overall.
CVS Health thinks they will earn between $6.30 and $6.40 this year. They raised their prediction from May. This new prediction is higher than what experts expected; they predicted $6.12 per share.
CVS Health has drugstores and manages drug benefits for clients. They also have the Aetna insurance company. The company saw revenue grow in all of its businesses, but some income went down due to price cuts.
The company said there was more use of healthcare. Other insurance companies had problems because of this. CVS Health also said they sold 4% more prescriptions at their stores.
Questions
How did CVS Health perform in the second quarter?
CVS Health did well and made more money than people thought they would.
What did CVS Health say about their earnings prediction for the year?
They think they will earn between $6.30 and $6.40 this year, which is higher than what experts expected.
What businesses does CVS Health have?
CVS Health has drugstores, manages drug benefits, and owns the Aetna insurance company.
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