CVS Health Shares on Pace for 52-Week Low After Cutting Earnings Forecast
03 Maio 2023 - 3:32PM
Dow Jones News
By Denny Jacob
CVS Health shares edged down 3.1%, to $70.51, after downgrading
its earnings projection for the year due to the effect of its
biggest deals since the nearly $70 billion takeover of Aetna in
2018.
The healthcare company's stock is on pace for a 52-week low and
its lowest close since March 4, 2021, when it closed at $69.17.
CVS cut its full-year outlook, guiding for adjusted earnings per
share between $8.50 to $8.70, compared with its prior guidance in
the range of $8.70 to $8.90.
CVS on March 29 completed the nearly $8 billion acquisition of
Signify Health, adding in-home services to its offerings. On
Tuesday, the company closed its $10.6 billion deal for Oak Street
Health, an operator of primary-care clinics for seniors. The
company said it might look at further acquisitions in the future,
but would focus on digesting Signify and Oak Street in the near
term.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 03, 2023 14:17 ET (18:17 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
CVS Health (NYSE:CVS)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
CVS Health (NYSE:CVS)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024