Reported about 20 hours ago
CVS Health exceeded Q3 expectations with strong sales growth driven by its drugstores and pharmacy benefits management, but absorbed a nearly $6 billion charge due to difficulties in its care delivery business, particularly from the Oak Street Health clinics. The company plans to close underperforming clinics and believes in the viability of a value-based care approach despite current challenges. Total revenue grew almost 8%, and adjusted earnings surpassed analyst estimates.
Source: YAHOO