CVS Health raises 2021 earnings outlook, backs 2022 forecast

CVS Health raises 2021 earnings outlook, backs 2022 forecast

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CVS

A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017.
Christopher Lee | Bloomberg | Getty Images

CVS Health said Tuesday, ahead of a presentation with investors, that it has raised its full-year earnings outlook.

It expects full year 2021 earnings to be in a range of $5.87 to $5.92 per share, up from previous expectations of $5.50 to $5.61 per share. After adjustments, it expects to earn $8.33 to $8.38 per share, up from a prior forecast of at least $8 per share.

CVS also reaffirmed its 2022 forecast, which calls for earnings per share to be between $7.04 and $7.24, and between $8.10 and $8.30 per share, after adjustments.

Shares were up about 1% in premarket trading on the news.

This story is developing. Please check back for updates.

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