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Top related persons:
LSEG - 1 Karen Lynch - 1 Caremark - 1 Tyson Foods - 1 CVS's Caremark - 1 Cuban's - 1 Stocks - 1 Dow industrials - 1
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Top related orgs:
CVS Health - 1 CVS - 1 Aetna - 1 UnitedHealth - 1 Medicare - 1 LSEG - 1 Blue - 1 Amazon Pharmacy - 1

Search resuls for: "CVS's Caremark"


2 mentions found


☆ CVS posts big earnings miss, cuts profit outlook on higher medical costs
  + stars: | 2024-05-01 | by ( Annika Kim Constantino | ) www.cnbc.com   time to read: +3 min
CVS Health on Wednesday reported first-quarter revenue and adjusted earnings that missed expectations and slashed its full-year profit outlook, citing higher medical costs that are dogging the U.S. insurance industry. The drugstore chain expects 2024 adjusted earnings of at least $7 per share, down from a previous guidance of at least $8.30 per share. The company said its new outlook assumes that higher medical costs in its insurance business during the first quarter will persist throughout the year. Medicare Advantage, a privately run health insurance plan contracted by Medicare, has long been a key source of growth and profits for the insurance industry. Excluding certain items, such as amortization of intangible assets and capital losses, adjusted earnings per share were $1.31 for the quarter.
Persons: LSEG, Karen Lynch, Caremark, Tyson Foods, CVS's Caremark, Cuban's Organizations: CVS Health, CVS, Aetna, UnitedHealth, Medicare, LSEG, Blue, Amazon Pharmacy, Oak Street Health Locations: California
☆ Stock Market Today: Dow, Nasdaq Open Higher; Cisco, Walmart Stocks in Focus
  + stars: | 2023-08-17 | by ( ) www.wsj.com   time to read: +1 min
Ten-year Treasury yields are up again after settling at their highest level since 2008, an ascent that is raising concern on Wall Street about the potential fallout for stocks. Yields have been driven up mostly by the strength of the U.S. economy, and the prospect of inflation remaining stubbornly high. Stocks were in the red following two days of losses spurred in part by higher yields. The S&P 500 and Dow industrials were modestly lower, while the Nasdaq Composite was off about 0.5%. Ten-year Treasury yields rose above 4.3%, after settling at 4.258% Wednesday.
Persons: Stocks, Dow industrials Organizations: Labor Department, Retail, Walmart, Nasdaq, Hawaiian Electric, Moderna, Global, Japan’s Nikkei Locations: U.S, Maui, Europe, Shanghai
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