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
Trump administration plan to reduce access to some student loans angers nurses, health care groups - 2Miss Thailand Pageant Contestant's Veneers Fall Out During Speech on Stage
- 3South Carolina confirms 124 new measles cases as outbreak on the Arizona-Utah line grows
- 4What's The Friendliest City In The United Kingdom?
- 5Progress Over Perfection: Lessons From Garment Factories Fighting Heat Stress
- Triumph’s Gorgeous, Super-Affordable and Approachable New Street Motos Share a Heart But Not a Soul
- A Manual for Pick Viable Psychological well-being Backing Administrations In 2024
- Instructions to Choose the Best Web based Advertising Degree Program for Your Objectives
- Web designers for Independent ventures
- Discovery of ancient pleasure boat reveals Egypt's maritime history
- Brazil's ex-president Bolsonaro operated on for hernia
- Telescope in Chile captures stunning new picture of a cosmic butterfly
- What exactly is the Upside Down in 'Stranger Things'? The wormhole revelation, explained.
- Key Training: Picking a Significant for Monetary Achievement
