Growing prescriptions help push CVS past Q2 expectations

KIFI

Published August 3, 2022 5:42 AM

By TOM MURPHY
AP Health Writer

CVS Health thumped second-quarter expectations and hiked its full-year forecast as growing prescription claims helped balance a drop in vaccinations. The drugstore chain, pharmacy benefit manager and insurer said Wednesday it now expects adjusted earnings of $8.40 to $8.60 per share for 2020. That represents a 20-cent hike at both ends of the range from its previous forecast. FactSet says analysts forecast, on average, earnings of $8.35 per share. CVS operates one of the nation’s largest drugstore chains with nearly 10,000 retail locations. It also provides insurance and runs prescription drug plans for big clients like insurers.

Article Topic Follows: AP National Business

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