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
Survey: Canteen Cups With Great Warm Protection Impact - 2Experience Is standing by: History's Most noteworthy Travelers
- 3My Pioneering Excursion: Building a Startup
- 4The Conclusive Manual for Spending plan Travel: Opening Undertakings on a Tight budget
- 5Tributes pour in for MIT professor Nuno Loureiro amid unresolved shooting case
- Wellness Bits of knowledge Readily available: A Survey of \Following Wellbeing and Progress\ Wellness Wearables
- Grass Care Administrations for a Wonderful, Sound Yard
- Figure out How to Analyze Medical attendant Compensation Patterns Across Different Specializations
- Instructions to Keep up with Your Traded Teeth for Life span
- Birds Will Flock To Your Birdbath When You Plant These Two Flowers Around It
- All that You Really want to Be familiar with Dental Inserts Facilities
- The 15 Most Compelling Books in History
- German official report: Teen social media ban faces legal hurdles
- Remain Cool and Solid: Top Summer Food sources for 2024
