CVS HealthOn Tuesday, the company announced that it had raised its full year earnings outlook ahead of a presentation to investors.

The company expects to earn full-year 2021 earnings in the range of $5.87 to $6.92 per share. This is up from its previous estimates of $5.50 and $5.61 per sharing. Adjustments have allowed it to expect to earn $8.33-8.38 per share, an increase of $8 from its previous forecast.

CVS also reiterated its 2022 earnings forecast. It projects that earnings per shares will range between $7.04- $7.24 and $8.10- $8.30, subject to adjustments.

The news triggered premarket trading, which saw shares rise by about 1%.

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