Top Stories
Top Stories

CVS Health's quarterly profit rises 42 pct, raises full-year forecast

May 1 (Reuters) - CVS Health Corp reported a 42 percent rise in quarterly profit on Wednesday and raised its adjusted earnings forecast for the year, as it benefits from its $69 billion purchase of health insurer Aetna Inc.

The company said it now expects adjusted profit per share of $6.75 to $6.90, compared with its prior forecast of $6.68 to $6.88.

The drugstore chain operator and pharmacy benefits manager said net income attributable to the company rose to $1.42 billion, or $1.09 per share, from $998 million, or $0.98 per share, a year earlier.

Revenue rose 34.8 percent to $61.65 billion. (Reporting by Manas Mishra in Bengaluru Editing by Saumyadeb Chakrabarty)