CVS Health Q4 Profit Tops Estimates
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longtime CVS executiveCNBC
•Business
Business & Economics
CVS shares pop 10% on big earnings beat, even as high medical costs drag down insurance unit
80% Informative
The company also issued a full-year 2025 adjusted profit outlook of $ 5.75 to $ 6.00 per share, which was in line with Wall Street's expectations.
It caps off the first full quarter with David Joyner , a longtime CVS executive, as CEO of the troubled retail drugstore chain.
CVS has grappled with rising costs in its insurance unit, Aetna , and a retail pharmacy business pressured by softer consumer spending.
CVS 's pharmacy and consumer wellness division booked $33.51 billion in sales for the fourth quarter .
That unit dispenses prescriptions in CVS ' more than 9,000 retail pharmacies and provides other pharmacy services.
Pharmacy reimbursement pressure, the launch of new generic drugs and lower volume from front-of-store items weighed on the unit's sales.
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