CVS raises earnings forecast despite flagging $5.7 billion impariment charge By Investing.com
Update: 2025-10-29
Description
CVS Health raises profit forecast despite a significant charge and quarterly loss. The company's health care delivery division, including Oak Street Health and Signify Health, faces challenges such as rising patient care costs and payment changes. Despite a medical loss ratio of 89.9% and a net loss per share of $3.13, CVS reports a 7.8% revenue growth, surpassing expectations. The company remains optimistic, raising its adjusted profit projection for the year.
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