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
Jeff Bezos’ Blue Origin launches landmark Mars mission in New Glenn rocket’s first big test - 26 Fun Urban areas For Seniors To Travel
- 3The most effective method to Pick the Right Material Organization: Your Definitive Aide
- 4Rick Steves' Favorite Time To Visit Spain Has Lower Prices And Fewer Crowds
- 5The Way to Fruitful Weight reduction: Individual Wellbeing Excursions
- Sun storms are powered by a magnetic engine 16 Earths deep, study finds
- Watch This Glacier Race into the Sea
- Grasping the Commencement of Criminal Cases: An Extensive Outline
- Malaysia To Revive Search for Missing Flight MH370
- Figure out How to Plan for Your Web-based Degree monetarily
- Netflix's 'Lord of the Flies' show blends 'Adolescence' and 'Yellowjackets'
- PA accuses Israel of 'human trafficking' after planeload of Gazans arrives in South Africa
- The 15 Most Motivating TED Discusses All Time
- Deadly Switzerland ski resort fire was likely started by sparklers attached to champagne bottles, officials say
