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CVS Health turns in better-than-expected 2Q even as pharmacy pricing, increased care use hurt

Por: ABC News Business August 02, 2023

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CVS Health topped second-quarter expectations, but the giant's profit sank as pricing pressure hurt its drugstore business and rising medical costs hit the side.The company also booked a $496 million, pretax restructuring charge in the quarter and reaffirmed a forecast for the year that it had cut in May. CVS Health said it developed a company-wide restructuring plan to cut costs and improve efficiency in the quarter. The company is still... + full article



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