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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ The profit forecast for CVS Health for the whole year misses assessment

The profit forecast for CVS Health for the whole year misses assessment



PHOTO PHOTO: Logo of CVS Health is displayed on a monitor over the floor of the New York Stock Exchange shortly after the opening of the bell in New York, USA, December 5, 201

7. REUTERS / Lucas Jackson / File photo [19659002(Reuters)CVSHealthCorppredictswhitewhitewhitewhitewhitewhitewhiteprovisionshealthyourfoodwhitespiritualservicewhitecountrycosthandle5%

The pharmacies chain operator and pharmacy manager who bought annet last year predicted a revised earnings of $ 6.68 per share to $ 6.88 per acre While analysts expect an average of $ 7.41 per share, according to IBES. from Refinitiv.

The long-term health care business of the company has been affected by lower employment rates and cost pressure over the past few quarters.

"We are fully aware of the need to pay attention to the impact of some adverse winds that have a disproportionate impact in 2019 compared to previous years, and it is important that we take comprehensive action to get past them," he said CEO Larry Menlo said. For the fourth quarter, CVS Health earned $ 2.14 per share, excluding positions, compared to an average of $ 2.05. In the fourth quarter of December 31, the company reported a net loss of $ 419 million, or 37 cents per share, compared to a net profit of $ 3.29 billion, or $ 3.22 per share, a year earlier benefited from the changes. to US tax laws.

In the fourth quarter of the year, after a $ 3.9 billion dollar was charged in the second quarter of 2018, the second quarter of the year posted a write-down of $ 2.2 billion in Omnicare's write-down. Revenue rose to $ 54.42 billion in the quarter from $ 48.39 billion a year earlier.

Reporting by Aakash Jagadjesh Babu and Manas Mishra in Bengaluru; Editing by Saumyadeb Chakrabarty

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