CVS CEO Larry Merlo discusses his company’s efforts to buoy health care transparency.
CVS Health reported strong fourth-quarter results and raised its 2020 outlook, citing the successful integration of its Aetna purchase.
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The Woonsocket, Rhode Island-based pharmacy chain reported a fourth-quarter profit of $1.74 billion, or $1.33 a share, as revenue rose 23% to $66.9 billion. Adjusted earnings of $1.73 a share topped the $1.68 average estimate from analysts and shares rallied.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| CVS | CVS HEALTH CORPORATION | 73.85 | +0.60 | +0.82% |
“As a result of the significant progress we made in 2019, and meeting or exceeding our expectations for the year, we raised our outlook for 2020,” CEO Larry Merlo said in a statement. “We are confident that we’re on the right path to delivering significant value.”
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