CVS Sees Higher Adjusted Profit as COVID-19 Tests, Vaccinations Rebound

CVS Sees Higher Adjusted Profit as COVID-19 Tests, Vaccinations Rebound
People walk by a CVS Pharmacy store in the Manhattan borough of New York City, N.Y., on Nov. 30, 2017. Shannon Stapleton/Reuters
Reuters
Updated:

CVS Health Corp. on Wednesday lifted its full-year adjusted earnings forecast after robust demand for COVID-19 vaccinations and tests helped the U.S. healthcare conglomerate beat analysts’ estimates for third-quarter profit.

Rival Walgreens Boots Alliance also signaled a boost from higher demand for vaccinations following the spread of the Delta variant.