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00:03CVS Health beat first quarter earnings and revenue estimates and raised its 2026 guidance
00:08as its insurance business showed improvement, according to CNBC. Adjusted earnings came in
00:14at $2.57 per share on $100.43 billion in revenue for the first quarter, surpassing estimates of
00:21$2.20 per share and $95.09 billion. The company raised its 2026 profit guidance to
00:29$7.30 to $7.50 per share from $7 to $7.20 and increased its revenue outlook to at least
00:38$405 billion from $400 billion. Aetna tailwinds drove most of the $5 billion increase,
00:45according to CVS CFO Brian Newman. Insurance unit revenue reached $35.97 billion,
00:52beating expectations, while the medical benefit ratio improved to 84.6% from 87.3%.
00:59Health services revenue rose 11% to $48.24 billion. Shares rose more than 4% in pre-market trading.
01:08For all things money, visit Benzinga.com.
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