on Wednesday reported first-quarter revenue and adjusted earnings that missed expectations and slashed its full-year profit outlook, citinghigher medical coststhat are dogging the U.S.insurance industry. Shares of the company closed more than 16% lower on Wednesday, and were headed for their worst...
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Lisa, so as you look at the trends, there's a lot of things going on inside the quarter. So the first quarter, we stated quite positively. A lot of that, we think, was a function of change. We actually saw some strong restatement in inpatient in the first quarter trends. But then ...
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Second, CVS did this deal just when its own core businesses were deteriorating. Hence, it’s so far generating weak returns on all the extra capital added by purchasing Aetna. A good measure of how far the performance has declined is Economic Value Added, a tool deployed by research firm ...
Weeks after it was reported that the company met with hedge fundGlenview Capital Managementto discuss potential changes to its operations, CVS on Oct. 18 said company veteran David Joyner would take over aschief executive officer (CEO). The company at that time also released preliminary third-qua...
CVS shares rose about 1% in premarket trading Tuesday on the news, which was first reported by Reuters on Monday. Lynch has to contend with an insurance business hammered by heightened medical costs, which drove a leadership turnover earlier this year. Lynch assumed direct leadership of CVS's ...
GET FOX BUSINESS ON THE GO BY CLICKING HERE "First, I want to say this: this is not just an H street or aD.C. problem— this is something that’s going on all over the country, right?" Atanga said. "The economy is going up, cost of living is going up … If people are...
threat hurt the company and placed major pressure on the stock. the solid q2 results and guide up on the low end eps numbers for the year show stability in the business. now does the stock become enticing due to the large capital return plans? the stock continues to trade below $80 ...