CVS Health Beats Earnings Expectations, Posts $2.14 Billion Net Profit

CVS Health posted higher revenue in the first quarter but downgraded its earnings projection for the year because of the impact of its biggest deals since the nearly $70 billion takeover of Aetna in 2018.

The forecast provided the first look at the prospects and challenges confronting CVS, which owns one of the country’s biggest health insurers as well as a national network of retail pharmacies, as it takes on a far bigger role in treating patients.