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CVS Health shares fall on earnings miss, lowered outlook
By Josh White
Date: Wednesday 01 May 2024
(Sharecast News) - Shares in pharmacy giant CVS Health were falling on Wednesday, after its first-quarter results fell short of expectations, with both revenue and adjusted earnings missing the mark.
The company also revised its full-year profit forecast downward due to escalating medical costs impacting the wider US insurance sector.
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