The drugstore chain said its business has begun to normalize, as customers buy more items in the front of the store and pharmacists fill more prescriptions.
CVS Health outpaced analysts' expectations for fiscal second-quarter earnings and raised its forecast for the year.
on Wednesday outpaced analysts' expectations for fiscal second-quarter earnings and raised its forecast for the year, as customers returned to doctor offices and more typical shopping patterns.The company said its business has begun to normalize, as customers buy more items in the front of the store and pharmacists fill more prescriptions. It said use of health-care benefits has returned to a more typical pattern, too, as people resume medical visits and procedures.
Here's what the company reported for the three-month period ended June 30, compared with what analysts were expecting, based on a survey of analysts by Refinitiv:Revenue: $72.62 billion vs. $70.3 billion expected Excluding items, it earned $2.42 per share, more than the $2.06 per share expected by analysts surveyed by Refinitiv.
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