CVS reported nearly $3 billion in quarterly profits as all of its business segments from health plans and drugstores to in-store clinics grew, the company said.
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CVS Wednesday reported net income of $2.95 billion, or $2.23 a share, compared to $2.78 billion or $2.10 cents in the year-ago quarter. CVS sales jumped 11% to $80.6 billion in the company’s second quarter. CVS Health’s profits contributed to the company’s decision to raise its financial outlook for the rest of 2022 with adjusted earnings per share now expected to be in the range of $8.40 to $8.60 compared to an earlier forecast of $8.20 to $8.40.
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