CVS Health Raises 2021 Profit Outlook on Higher Pharmacy Sales

CVS Health Raises 2021 Profit Outlook on Higher Pharmacy Sales

CVS Health now expects 2021 adjusted profit of between $7.56 and $7.68 per share, from its previous forecast of $7.39 to $7.55 per share. Total revenue at the company’s drug stores, which sell over-the-counter health products, rose 2.3% for the quarter, also helped by price inflation of branded drugs.

On an adjusted basis, CVS earned $2.04 per share in the quarter ended March 31, above analysts’ estimates of $1.72 per share, according to Refinitiv IBES data.

Source

Our Standards: The Thomson Reuters Trust Principles. Total sales rose 3.5% to $69.1 billion.

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