CVS shares plummet 18% as health company slashes profit outlook on higher medical costs
Wed May 1 , 2024
CVS Health on Wednesday reported first-quarter revenue and adjusted earnings that missed expectations and slashed its full-year profit outlook, citing higher medical costs that are dogging the U.S. insurance industry. Shares of the company plunged 18% in early trading Wednesday. The drugstore chain expects 2024 adjusted earnings of at least […]
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