Dec 9 (Reuters) - CVS Health (CVS) on Tuesday forecast 2026 profit above Wall Street estimates and this year's projected earnings, signalling steady progress in the health conglomerate's turnaround plan.
CVS stock rose 5% in early trading on Tuesday.
The company in October projected double-digit earnings growth for 2026 after raising its 2025 profit forecast for the third time.
"We are closing out 2025 with meaningful momentum across our businesses and we expect another year of strong earnings growth in 2026," said Chief Financial Officer Brian Newman on Tuesday.
The company forecast 2026 adjusted profit to be in the range of $7.00 to $7.20 per share, compared with analysts' average estimate of $7.16, according to data compiled by LSEG.
It, however, expects total revenue of at least $400 billion next year, below analysts' average estimate of $419.26 billion.
CVS also raised its 2025 adjusted profit forecast to $6.60 to $6.70 per share from $6.55 to $6.65 previously.
(Reporting by Sneha S K in Bengaluru; Editing by Shinjini Ganguli)
LATEST POSTS
- 1
How will the universe end? - 2James Webb Space Telescope discovers a lemon-shaped exoplanet unlike anything seen before: 'What the heck is this?'
- 3FDA approves Wegovy pill for weight loss
- 4Kate Hudson, 46, says she doesn't need long workouts to feel good
- 5Top 20 Wellbeing and Wellness Applications for a Sound Way of life
- Corcept Therapeutics shares surge as lead drug gets FDA nod for ovarian cancer
- Louisiana seeks California doctor’s extradition, testing the limits of shield laws
- Former ‘Dancing with the Stars’ Pro Survives Plane Crash at LaGuardia That Left 2 Pilots Dead
- The Most Rousing Ladies Business visionaries of Today
- The most effective method to Remain Ahead in the Most recent Advanced Patterns with a Web based Advertising Degree
- 19 Strange Motion pictures You Shouldn't Watch With Your Mum
- German mid-sized firms gloomy on outlook, survey finds
- Finding the Universe of Workmanship: Individual Encounters in Imagination
- New movies to watch this week: See 'Marty Supreme' in theaters, rent 'Springsteen: Deliver Me from Nowhere,' stream 'Cover-Up' on Netflix
