CVS Health shares are trading lower after the company reported worse-than-expected Q2 sales results and cut its FY24 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
CVS Health shares are trading lower after the company reported worse-than-expected Q2 sales results and cut its FY24 adjusted EPS guidance below estimates.
August 07, 2024 | 11:07 am
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NEGATIVE IMPACT
CVS Health shares are trading lower due to disappointing Q2 sales results and a reduction in FY24 adjusted EPS guidance below estimates.
The company's worse-than-expected Q2 sales results and the downward revision of FY24 adjusted EPS guidance are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100