CVS take on 2021 gets rosier, profit jumps 11%
The company covered more people through Medicaid and Medicare Advantage, as adjusted operating earnings from health insurance jumped nearly 20% in the first quarter to
But sales in both the company's drugstores and from its pharmacy benefits management business were trimmed by the weak cough, cold and flu season, which was brought on in part by mask wearing and social distancing during the COVID-19 pandemic.
Drugstores also faced a tough sales comparison to last year’s first quarter, when customers stocked up on pharmacy supplies as the pandemic set in.
Overall,
That easily beat average expectations of
Analysts are looking for
Shares of
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A portion of this story was generated by Automated Insights (http://automatedinsights.com/ap) using data from
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