Tags: CVS | earnings | pharmaceuticals | drugstore

CVS Says Slowing Prescriptions Will Hurt Profits Next Year

CVS Says Slowing Prescriptions Will Hurt Profits Next Year

(Stock Photo Secrets)

Tuesday, 08 November 2016 10:20 AM EST

CVS Health Corp. provided an earnings forecast for next year that’s lower than analysts have predicted, and projected that results for the rest of 2016 will also come in below expectations at the drugstore chain as prescriptions slow.

Third-quarter earnings, excluding some items, were $1.64 a share, the Woonsocket, Rhode Island-based company said in a statement, compared with the $1.57 average of analysts’ estimates compiled by Bloomberg. The beat was partly from lower-than-expected taxes in the third-quarter.

 

© Copyright 2026 Bloomberg News. All rights reserved.


Companies
CVS Health Corp. provided an earnings forecast for next year that's lower than analysts have predicted, and projected that results for the rest of 2016 will also come in below expectations at the drugstore chain as prescriptions slow.
CVS, earnings, pharmaceuticals, drugstore
77
2016-20-08
Tuesday, 08 November 2016 10:20 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved