CVS launches MinuteClinic -- phone app health visits

Maricruz Casares
Agosto 10, 2018

More notable recent CVS Health Corporation (NYSE:CVS) news were published by: which released: "Benzinga Pro's 5 Stocks To Watch Today" on August 08, 2018, also with their article: "Earnings Scheduled For August 8, 2018" published on August 08, 2018, published: "CVS Call Options Hot Ahead of Earnings" on August 07, 2018.

CVS Health's earnings report for the second quarter of 2018 also includes a net loss of $2.56 billion.

Drugstore retailer CVS Health Corp's adjusted quarterly profit topped analyst estimates on Wednesday as it sold more prescription drugs at its stores, sending its shares up 3.4 percent in premarket trading. Forte Capital LLC ADV now owns 51,033 shares of the pharmacy operator's stock worth $3,284,000 after acquiring an additional 1,917 shares during the period.

That and some charges from a pending $69 billion acquisition of the health insurer Aetna led to a $2.56 billion loss in the quarter, compared with a $1.1 billion profit during the same period a year ago.

Union Bankshares Corp decreased Cvs Health Corp (CVS) stake by 26.79% reported in 2018Q1 SEC filing.

Mizuho Securities USA analyst Ann Hynes said she thought they contributed about 14 percent, and Wall Street probably had an even higher estimate.

More news: NASA just built the fastest man-made object ever

Shares of CVS Health stock opened at $65.45 on Wednesday.

Although revenue rose 2.2 percent to $46.7 billion, the pharmacy giant incurred a $3.9 billion charge during the quarter to purchase Omnicare, which specializes in care at nursing homes and senior-living communities, among other long-term care centers. Both figures beat expectations. The previous guidance from the company had 2018 earnings per share coming in between $6.87 and $7.08. He added that the Omnicare charge was a surprise, but he was already expecting modest results from that business.

For 2018, the company now expects to earn between $6.98 and $7.08 per share this year, better than the per-share projection of between $6.87 and $7.08 that the company put out in May.

Regulators are still reviewing the Aetna deal, but CVS Health said it expected to close that transaction either late in the third quarter or early in the fourth.

A number of equities analysts have recently issued reports on CVS shares. MinuteClinic Video Visits, a telehealth offering, will provide patients with access to health care services 24 hours a day, seven days a week from their mobile device.

CVS Health Corp., based in Woonsocket, Rhode Island, runs more than 9,800 retail locations and processes over a billion prescriptions annually as a pharmacy benefit manager. The stock is still down about 6 percent so far this year.

Otros informes por

Discuta este artículo