Wednesday, February 20, 2019

CVS Health swings to Q4 loss but still beats Street; forecast disappoints

Chain Store Age
CVS Health reported mixed results for its fourth quarter and issued a disappointing profit forecast for 2019 as it warned of “headwinds” that need to be addressed.

Total revenue rose to $54.42 billion from $48.3 billion, missing the $54.58 billion analysts had expected. Revenue growth was primarily driven by increased pharmacy network claims in the pharmacy services segment, increased prescription volume in the retail/long term care segment and the addition of Aetna.. . . more