- CONTACT US
- AFS
- Business
- Bussiness
- Car
- Career
- Celebrity
- Digital Products
- Education
- Entertainment
- Fashion
- Film
- Food
- Fun
- Games
- General Health
- Health
- Health Awareness
- Healthy
- Healthy Lifestyle
- History Facts
- Household Appliances
- Internet
- Investment
- Law
- Lifestyle
- Loans&Mortgages
- Luxury Life Style
- movie
- Music
- Nature
- News
- Opinion
- Pet
- Plant
- Politics
- Recommends
- Science
- Self-care
- services
- Smart Phone
- Sports
- Style
- Technology
- tire
- Travel
- US
- World
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
How to watch 'A Charlie Brown Christmas' for free this weekend - 2Dangerously cold tonight into Monday
- 3'Hero' who wrestled gun from Bondi shooter named as Ahmed al Ahmed
- 4Germany's Deutsche Welle broadcaster declared 'undesirable' in Russia
- 59 African migrants died in freezing temperatures near Morocco-Algeria border
- Merck sees over $5 billion opportunity in Cidara's experimental flu drug
- Land Rover Just Unveiled Its Dakar Rally Defender
- What you need to know about Trump accounts as Michael and Susan Dell donate $6 billion to the new early childhood investment program
- Pfizer in $41.5 million settlement with Texas over ADHD drug for children
- China's 1st reusable rocket explodes in dramatic fireball during landing after reaching orbit on debut flight
- AstraZeneca to invest $2 billion as part of US manufacturing push
- Emergent Cold LatAm opens state-of-the-art cold storage hub in Guadalajara
- The Starbucks for Life game is back, along with your chance to win a 'Bearista' cold cup. Here's how to get your paws on one.
- Health insurance premiums rose nearly 3x the rate of worker earnings over the past 25 years
