CVS Health (CVS) save Q4 2024
The appearance of a CVS pharmacy in Pennsylvania, Pennsylvania.
Paul Weaver | Lightrocket | Getty pictures
CVS Health On Wednesday, the fourth quarter income and profit, even profitable insurance work continued to see higher medical expenses.
The company also earned a profit of $ 5.75 per share, which fits the expectations of the Wall Street. However, CVS did not give an income forecast for years.
The first is left out of the full quarter David JoynerCvs Executor, CEO of problem retail pharmacy chain for a long time. Joyner, in mid-October, Karen Lynch was successful, because CVs were fighting higher gain and improve their sharehold performance.
The company has controlled the change of control as part of a wider turning plan containing Cost of $ 2 billion cut over the next few years. CVS, insurance unit, Aetna and retail pharmacies, fighting increased costs in a retail pharmacy, which shows low accounts for gentle consumer expenses and recipe medications.
According to the request of the analysts analysts by LSEG, which Wall Street has reported the CVs for the fourth quarter compared to the fourth quarter:
- Earnings on a share: $ 1.19 for sharing, 93 cents are expected for each share
- Income: $ 97.71 billion and $ 97.19 billion is expected
The shares increased by more than 6% in premarket trade.
Such as CVs and other insurers UnitedHealth group and Humana I saw medical expenses for the procedures that were late during pandemic in hospitals in pandemic in hospitals in pandemic in hospitals last year.
Medicare advantage with a health insurance plan controlled by Medicare has long been a growth and profit driver for insurers for a long time. However, investors were concerned about the fleeing expenses, which covered more than half of all Medicare beneficiaries.
CVS increased by 4.2% due to the growth of $ 97.19 billion for the fourth quarter, a year ago due to the growth of the Eczane Business and Insurance Department.
The company placed $ 1.64 billion for the fourth quarter or $ 1.30 per share. It is compared to net income of $ 2.05 billion or with a net income per share.
The depreciation of intangible assets was $ 1.19 to quarter, except for certain items, such as charges, reconstruction charges and capital loss, corrected earnings.
CVS, the fourth quarterly profit reflects higher medical expenses in the insurance business and both reflecting the star rankings of less medical care for the 2024 billing year, which draws the segment in the operational results, he said. These star ratings help Medicare patients compare the quality of Medicare health and medicinal plans.
Pressure to the insurance section
For the third quarter, Wall Street ends the expectations.
CVS insurance business comes from $ 32.96 billion in the quarter, more than 23% of the fourth quarter of 2023. The analysts waited for the estimates of Streetaccount, the unit will climb $ 32.89 billion.
However, the work was 439 million dollars for the fourth quarter, a $ 439 million operation in the early 676 million dollars in the year. This change was controlled by other factors and managed by higher medical expenses and the company’s Medicare star star rankings.
The measure of medical benefits of the insurance section increased by 88.5% to 88.5% of the size of the total medical expenses paid compared to the collected premiums. A low ratio shows that a company usually gathers more awards in a premiums paid in higher income benefits.
The fourth quarter ratio was lower than 95.9% of analysts, stressaccount calculations.
The CVS health services segment brought $ 47.02 billion in revenue in the quarter, more than 4% more than 4% compared to the same quarter in 2023.
This section includes one of the biggest pharmacy benefits managers in the nation. Caremark discusses drug discounts on behalf of insurance plans and creates lists of drugs or forms covered by insurance and re-establishments for insurance and recipes.
CVS ‘health services section, 499.4 million pharmacy claims in the quarter, due to the loss of anonymous a large customer over the years ago in the year, a while before 600.8 million. Tyson foods In January 2024 he told CNBC He threw the CVs As a pharmacy pener for about 140,000 employees, it is unknown if other companies stop working with CVs during the year.
CVS pharmacy and consumer health section is 33.51 billion dollars in sales in the fourth quarter, 33.51 billion dollars in sales, more than 7% of the same period. Analysts are expected to sell $ 33.03 billion for a quarter.
It distributes recipes in more than 9,000 retailers in single CVs and provides other pharmacies such as vaccine and diagnostic tests.
According to the CVS, the increase was partially managed with a higher prescription volume. The starting pressure of pharmacy, starting new general medicines and reducing the sale of the store, including new general medicines and low volume, including the sale of store sales, including store sales and toilets.
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