By Colin Kellaher

 

CVS Health Corp. on Thursday said it expects its full-year financial results to at least meet the upper end of its prior forecasts and initiated guidance for 2022.

The Woonsocket, R.I., healthcare-services giant said it expects adjusted earnings of at least $8 a share this year on revenue of at least $290.3 billion, compared with a prior estimate of adjusted per-share earnings of $7.90 to $8 on revenue of $286.5 billion to $290.3 billion.

Analysts polled by FactSet, on average, are expecting a full-year adjusted profit of $7.96 a share on revenue of $288.4 billion.

For 2022, CVS said it expects adjusted earnings of $8.10 to $8.30 a share on revenue of $304 billion to $309 billion. Wall Street is looking for an adjusted profit of $8.24 a share on revenue of $301.2 billion, according to FactSet.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

December 09, 2021 07:12 ET (12:12 GMT)

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