CVS Health Exceeds Estimates, Hikes Guidance

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Business & Economics

CVS tops estimates, hikes guidance as insurance business shows some improvement

Summary

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CVS now expects full-year adjusted earnings of $6 to $6.20 per share.

The company posted first-quarter revenue and profit that topped estimates and hiked its guidance.

CVS booked sales of $94.59 billion for the first quarter , up 7% from the same period a year ago .

For the first time in several quarters , CVS ' insurance business showed some signs of improvement.

CVS ' health services segment generated $43.46 billion in revenue for the quarter , up nearly 8% compared with the same quarter in 2024 . Analysts expected the unit to post $43.64 billion in sales for the period, according to StreetAccount . That unit includes Caremark , one of the nation's largest pharmacy benefit managers. Caremark negotiates drug discounts with manufacturers on behalf of insurance plans and creates lists of medications, or formularies, that are covered by insurance and reimburses pharmacies for prescriptions..