Reported 2 days ago
CVS Health has raised its annual profit forecast after achieving better-than-expected quarterly results, largely due to effective oversight of rising medical costs related to its Aetna health insurance division. This marks the third consecutive quarter of earnings surpassing targets, providing a boost to the company's shares as it recovers from previous financial setbacks. CEO David Joyner noted that while costs in Medicare Advantage plans were anticipated, CVS's pharmacy networks and health services also showed significant improvements.
Source: YAHOO