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CVS (CVS) reported Q4 and FY24 earnings, beating estimates and sending shares up 8% pre-market. Revenue was $372.8B for the year and $97.7B for Q4, beating estimates of $96.8B. The healthcare benefits segment saw a slight decline due to Medicare and Medicaid headwinds, while the retail pharmaceutical and healthcare services segments increased. Despite a challenging year and ongoing government headwinds, CVS remains the largest PBM and provided 2025 guidance with adjusted EPS of $5.75-$6.00.
Published on: February 12, 2025, 05:03 PM UTC
Despite a weak Q4, Amazon's (AMZN) stock is rising on support from bulls amid generative AI investments and margin improvement expectations in the retail business.
Published on: February 12, 2025, 05:02 PM UTC
Trump blames "Biden inflation" after surprise rise in consumer prices
Published on: February 12, 2025, 05:02 PM UTC
Morgan Stanley analyst Brian Nowak believes Meta's recent stock surge is driven by its strong fundamentals rather than its relationship with President Trump.
Published on: February 12, 2025, 05:01 PM UTC
Michelin reports a 5.1% decline in its full-year sales volumes due to a slowdown in sales of new cars and trucks in Europe, and potential impact from U.S. tariffs on goods from Mexico and Canada.
Published on: February 12, 2025, 05:00 PM UTC
Alibaba shares soared in Hong Kong on news of an AI partnership with Apple, potentially signaling a turnaround for the e-commerce giant after a prolonged slump amid Beijing's tech crackdown.
Published on: February 12, 2025, 05:00 PM UTC
Meta extends depreciation life of AI infrastructure, boosting profit by billions
Published on: February 12, 2025, 04:05 PM UTC
Fed to Refrain from Rate Cuts, Tolerate Higher Inflation: Mohamed El-Erian
Published on: February 12, 2025, 04:04 PM UTC
CVS Q4 and FY2024 Earnings Beat Estimates, Stock Jumps in Pre-Market Trading
Published on: February 12, 2025, 04:03 PM UTC
Inflation remains hot, pushing Fed officials toward a hold on interest rates. Traders expect just one cut later in 2025, as Fed Chair Powell emphasizes caution amidst economic uncertainty.
Published on: February 12, 2025, 04:02 PM UTC