CNBC November 6, 2024
Key Points
– CVS Health reported mixed third-quarter results as higher medical costs squeezed its bottom line.
– The company expects elevated medical costs to continue to pressure its performance this year, “and as a result we are not providing a formal outlook at this time,” a spokesperson said.
– It’s CEO David Joyner’s first earnings report at the helm of the troubled retail drugstore chain. CVS named a new president for its health insurer, Aetna, effective immediately: Steve Nelson, the former CEO of UnitedHealthcare, a division of UnitedHealth Group.
CVS Health on Wednesday reported mixed third-quarter results as higher medical costs squeezed its bottom line. The earnings report is CEO David Joyner’s first at the helm of the troubled...
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