Reported about 6 hours ago
CVS Health outperformed quarterly profit expectations, reporting a smaller-than-expected drop in its fourth-quarter earnings driven by a slowdown in medical cost increases and a boost in pharmacy revenue. Despite facing significant challenges in the Medicare sector, the company's shares rose over 12% in premarket trading. CVS forecasts an annual profit of between $5.75 and $6.00 per share, with a focus on cost-cutting measures and management changes to improve performance.
Source: YAHOO