CVS Health (NYSE: CVS) reported third-quarter 2020 financial results before the market hours on Friday. The retail pharmacy reported a 4% growth in Q3 revenue to $67.1 billion, surpassing the Wall Street consensus. The company reported a net income of $1.66 per share, better than the estimates set by analysts.
CVS shares rose 3.2% immediately following the announcement. The stock has fallen 17% since the beginning of this year.
CEO Larry Merlo said, “We’ve opened more than 4,000 COVID-19 test sites across the country since March, and have administered over six million tests. We’re helping businesses and universities safely reopen and we were recently selected to administer COVID-19 vaccinations in long-term care facilities.”
Labor market conditions improved once again and jobless claims dropped to about 400,000 after rising last week, as economic activity picked up. Stocks rallied in the action-packed week and benchmark
In the first half of 2021, a record number of private companies entered stock markets in the US, marking a multifold increase from the same period of 2021. The IPO
Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results