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
Doggie diversity in size and shape began at least 11,000 years ago - 2Turkey, Egypt, Qatar discuss second phase of Gaza ceasefire deal
- 3Instructions to Keep an Inspirational perspective After Cellular breakdown in the lungs Treatment
- 4How to get tickets to Jay-Z’s sold out Yankee Stadium shows
- 5Must-Have Cooking Machine in Your Kitchen
- Watch Blue Origin's huge New Glenn rocket ace its epic landing on a ship at sea (video)
- Supportive Tips On Home loans For First-Time Home Purchasers
- Purdue Pharma's deal means money for some victims, end of Purdue company name. Here's what to know
- 12 Once-In-A-Lifetime Travel Experiences To Add to Your Bucket List
- AstraZeneca to invest $2 billion as part of US manufacturing push
- The Best Portable Applications for Psychological wellness and Prosperity
- Flourishing in Retirement: Individual Accounts of Post-Vocation Satisfaction
- Instructions to Utilize Your Brain science Certification to Work on Corporate Culture
- Party Urban areas of the World
