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CVS says it expects earnings, revenue to grow in 2022 as it steps up health-care focus

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A CVS pharmacy is seen in Bloomsburg.

Paul Weaver | LightRocket | Getty Pictures

CVS Health stated Thursday that it expects the corporate’s earnings and income to develop within the yr forward, because it focuses on making well being care extra reasonably priced and simpler for patrons.

The pharmacy chain and well being insurer projected that adjusted earnings per share will likely be between $8.10 to $8.30 on whole revenues of between $304 billion to $309 billion in fiscal 2022.

It additionally boosted its forecast for this fiscal yr, saying it expects adjusted earnings per share to be no less than $8.00 on income of $290.3 billion or extra. That is a rise from a earlier forecast for adjusted earnings of $7.90 to $8.00 per share and income of $286.5 to $290.3 billion.

The corporate introduced its new forecast forward of an investor day on Thursday. It marks the primary investor day for the reason that begin of the pandemic and for the reason that firm’s new CEO Karen Lynch stepped into the highest position.

As of market shut on Wednesday, shares are up 36% this yr. CVS shares closed Wednesday at $93.10. The corporate’s market worth is $122.85 billion.

This story is creating. Please verify again for updates.

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