Tuesday, August 8, 2017

CVS Health tops 2Q forecasts, narrows 2017 guidance

CVS Health beat second-quarter expectations and narrowed its 2017 forecast despite a continued sales slump from its established drugstores.

The nation's second-largest drugstore chain said Tuesday that sales from stores open at least a year slid nearly 3 percent, a rise in generic drug prescriptions hurt the top line of its pharmacies and softer customer traffic affecting the front end, or the rest of the stores.. . . more

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