CNBC August 5, 2020
Key Points
– CVS Health said it’s better positioned to weather the pandemic because of its diverse business, which includes its large drugstore chain and health benefits.
– The company filled fewer prescriptions during the fiscal second quarter because of stay-at-home orders, but its health benefits business got a boost as people delayed elective procedures.
– The company raised its outlook for the year, saying adjusted earnings per share will be in the range of $7.14 to $7.27.
CVS Health on Wednesday reported a strong second quarter and raised its outlook for the year, saying it is better positioned to weather the pandemic because of its diverse business, which includes its large drugstore chain and health benefits.
The health-care company...
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