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CVS Health Tops Q2 Estimates, Lifts Full-Year Profit Outlook

Tighter medical cost controls at Aetna delivered a medical loss ratio below forecasts, supporting the higher profit guidance.

A general view shows the CVS Health Finance Center at CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023. REUTERS/Faith Ninivaggi/File Photo
FILE - A CVS store sign is displayed in Pittsburgh on Friday, Feb. 3, 2023. (AP Photo/Gene J. Puskar, File)
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Overview

  • CVS reported adjusted second-quarter earnings of $1.81 per share, beating the $1.46 average analyst forecast.
  • The company raised its full-year 2025 earnings outlook to a range of $6.30 to $6.40 per share, up from $6.00 to $6.20.
  • Revenue climbed 8 percent year over year to $98.9 billion, surpassing analysts’ $94.51 billion estimate.
  • Aetna’s medical loss ratio improved to 89.9 percent in the quarter, stronger than the 91.16 percent expected.
  • CVS plans to close 250 pharmacies, cut back its government-sponsored insurance offerings and reprice half of its Medicare Advantage plans for 2026.