CVS Health Reports Strong Q4 Earnings But Slashes Profit Forecast Due to Rising Medical Costs
New York, US – CVS Health reported fourth-quarter earnings and revenue that exceeded expectations, but lowered its full-year profit outlook due to rising medical costs affecting the insurance industry. The company now expects adjusted earnings of at least $8.30 per share for 2024, down from the previously projected $8.50 per share. However, analysts had anticipated full-year adjusted earnings at $8.49 per share. Unadjusted earnings guidance was also revised downward to $7.06 per share, compared to …