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
Over 250,000 cases of shredded cheese recalled over possible metal fragments - 26 Objections for an Ocean side Wedding
- 3Old photos misrepresented as aftermath of political party supporters' brawl in Bangladesh
- 4Israel approves death penalty law for Palestinians convicted of attacks
- 5Worldwide Objections Ideal For A Golf Outing
- Raw oysters linked to ongoing salmonella outbreak infecting 64 across 22 states: CDC
- Manageable Living: Eco-Accommodating Decisions for Regular day to day existence
- Step by step instructions to Prepare with Senior Protection for Inward feeling of harmony.
- Scientists detect X-ray glow from interstellar comet 3I/ATLAS extending 250,000 miles into space
- The gay hockey show no one saw coming — and everyone is suddenly obsessed with
- What happened to Eleven after the ambiguous 'Stranger Things' series finale? Millie Bobby Brown knows — but 'swore herself to secrecy'
- David Duchovny's new thriller has him stripping down at 65. But its chilling premise hits close to home.
- Vote In favor of Your Favored Web-based Visual depiction Administration
- UAE used military bases in Red Sea region to aid Israel's war against Hamas, leaks reveal
