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
Figure out how to Use Your Brain research Degree in the Gig Market - 2Popular Japanese Hotel Chain Now Lets You Show Up With Just Your Passport
- 3UN panel says Israel operating 'de facto policy of torture'
- 4'Senseless violence' erupts at Christmas tree lighting; 4 injured
- 5Geminid shooting stars: One of 2025's most exciting meteor showers begins tonight
- Interstellar comet 3I/ATLAS will fly by Earth Friday. Here are the latest images
- Beyond the habitable zone: Exoplanet atmospheres are the next clue to finding life on planets orbiting distant stars
- Rick Steves Prefers Paying A Bit Extra For This Delectable Food When Dining In Spain
- Hungary's 'water guardian' farmers fight back against desertification
- 7 Straightforward Moves toward Move Information from Your Old Cell phone to Your New One: A Thorough Aide
- Christopher Nolan's 'The Odyssey' trailer: See Anne Hathaway, Matt Damon and Tom Holland in 1st look at movie
- Top 20 Wellbeing and Wellness Applications for a Sound Way of life
- Humpback whale stranded on Germany's Baltic coast frees itself
- Most loved Solace Food: What's Your Definitive Comfortable Dinner?
