{"id":1923485,"date":"2023-05-03T11:41:21","date_gmt":"2023-05-03T15:41:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cvs-health-cuts-annual-profit-forecast-on-acquisition-costs\/"},"modified":"2023-05-03T11:45:16","modified_gmt":"2023-05-03T15:45:16","slug":"cvs-health-cuts-annual-profit-forecast-on-acquisition-costs","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cvs-health-cuts-annual-profit-forecast-on-acquisition-costs\/","title":{"rendered":"CVS Health lowers profit forecast due to acquisition expenses."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcvs-health-cuts-annual-profit-forecast-on-acquisition-costs%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1923485&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>CVS Health Corp Cuts Full-Year Profit Forecast<\/h2>\n<div class=\"entry-content\">\n<p>CVS Health Corp has cut its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cvs-health-cuts-annual-profit-forecast-on-acquisition-costs\/\" title=\"CVS Health lowers profit forecast due to acquisition expenses.\">full-year profit forecast due<\/a> to costs related to its recent acquisitions of Signify Health and Oak Street Health. This move comes as the healthcare company, like many others, expands beyond managing health and pharmacies to adjust to decreasing revenue from COVID-related services.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">\n\t\t\t<script>\n\t\t\t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });\n\t\t\t<\/script>\n\t\t<\/div>\n<p>The company&#8217;s profits had also benefited from lower medical costs at Aetna during the pandemic. However, CVS now <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/coinbase-to-cut-a-fifth-of-its-workforce-in-a-second-round-of-layoffs\/\" title=\"Coinbase to Cut a Fifth of Its Workforce in a Second Round of Layoffs\">expects 2023 adjusted earnings<\/a> per share of between $8.50 and $8.70, compared with its previous forecast of between $8.70 to $8.90.<\/p>\n<p>In the first quarter, CVS posted an adjusted profit of $2.20 per share, which was above <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fedex-raises-fiscal-2023-earnings-forecast-shares-soar\/\" title=\"FedEx raises fiscal 2023 earnings forecast, shares soar\">analysts&#8217; average estimate<\/a> of $2.09 per share, according to Refinitiv data.<\/p>\n<p>Despite the cut in profit forecast, CVS remains a strong player in the healthcare industry and is constantly adapting to meet the changing needs of its customers.<\/p>\n<h3>Other Business News:<\/h3>\n<ul>\n<li>Interview with Lara Logan<\/li>\n<li>Interview with AG Ken Paxton<\/li>\n<li>Interview with Rep. Ronny Jackson<\/li>\n<li>Interview with Lt. Col. Darin Gaub<\/li>\n<li>Flutter grows revenue by 29% in Q1<\/li>\n<li>Block Inc&#8217;s Q1 results to focus on Cash App<\/li>\n<li>Malaysia adopts dual network model for 5G<\/li>\n<li>U.S. microchip export controls impact China&#8217;s development<\/li>\n<\/ul>\n<p>Stay informed with the latest business news and updates.<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/cvs-health-cuts-annual\/attachment\/illustration-shows-cvs-health-logo\/\">Image Source<\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -CVS Health Corp cut its full-year profit forecast on Wednesday, due to the impact from costs related to its acquisitions of Signify Health and Oak Street Health. CVS, like other healthcare companies, has been expanding beyond managing health and pharmacies with new acquisitions, including primary care provider Oak Street Health and home healthcare service<\/p>\n","protected":false},"author":66,"featured_media":1923486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[11089,17433,13518,16788,4964,9849,7116],"class_list":["post-1923485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-acquisition","tag-cvs","tag-expenses","tag-forecast","tag-health","tag-lowers","tag-profit"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1923485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1923485"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1923485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1923486"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1923485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1923485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1923485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}