CVS Health reported Q4 revenue and earnings above expectations, but lowered 2024 profit outlook, citing higher medical costs.

CVS Health reported fourth-quarter revenue and adjusted earnings that topped expectations on Wednesday but lowering its full-year profit outlook for 2024, citing higher medical costs affecting the broader insurance industry. The company cut its 2024 adjusted earnings forecast to at least $8.30 per share, down from the previous guidance of at least $8.50 per share. Analysts surveyed by LSEG were expecting full-year adjusted earnings of $8.49 per share.

February 07, 2024
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