cnbc_topnews

CVS blows past estimates, hikes guidance as insurance unit continues to improve

📰 source: cnbc_topnews · 💼 business

cvs blew past wall street's second-quarter expectations and raised its 2026 guidance, as its aetna insurance unit shows recovery. adjusted earnings came in at $2.58 per share versus $1.85 expected; revenue hit $106.10 billion vs. $100.11 billion expected. the company now sees full-year adjusted profit between $7.90 and $8.10 per share, up from $7.30 to $7.50, and revenue of at least $414 billion, up from $405 billion.

aetna's medical benefit ratio fell to 87.4% from 89.9% a year earlier, aided by strength in government plans and no premium deficiency reserve. insurance revenue rose 3.5% to $37.54 billion. cvs said all three segments beat revenue estimates. the pharmacy and consumer wellness division posted $33.82 billion in sales, while health services generated $51.8 billion, up 11.5%.

cvs also announced a collaboration with eli lilly to make zepbound and a new weight loss pill available on its app by early the fourth quarter. shares rose 1% in premarket trading.

why it matters: cvs beat and raised guidance, signaling improved medical cost management at aetna and a stronger health insurance sector outlook.

source: cnbc_topnews
sentiment: +0.70 · impact: 0.65

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