By Dave Sebastian

 

CVS Health Corp. raised its earnings guidance for the year as it reported higher profit and sales for the first quarter.

The company on Tuesday said it sees earnings of $6.24 a share to $6.36 a share, or $7.56 a share to $7.68 a share on an adjusted basis. It previously expected earnings of $6.06 a share to $6.22 a share, or $7.39 a share to $7.55 a share on an adjusted basis.

CVS said it continues to expect cash flow from operations of $12 billion to $12.5 billion.

Shares rose about 2.3% to $79.50 in premarket trading.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

May 04, 2021 07:07 ET (11:07 GMT)

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