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CVS Health Corporation (CVS)

  • Tue, Feb. 10, 7:18 AM
    • CVS Caremark (NYSE:CVS) reports revenue in its pharmacy segment rose 21.7% to $23.9B in Q4 with acquisition playing a factor.
    • Pharmacy network claims processed rose 8.2% to 221.6M during the period.
    • Retail pharmacy sales +2.9% to $17.7B.
    • Retail comparable-store sales +1.6% with the front end store comp dragged down by the tobacco exit.
    • Gross profit rate +70 bps to 31.4%.
    • Operating profit rate +40 bps to 10.1%.
    • CVS +1.85% premarket.
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  • Mon, Jan. 5, 12:57 PM
    • CVS Health (CVS -1.3%) bestows Preferred Status to Gilead Sciences' (GILD +2.3%) Sovaldi (sofosbuvir) and Harvoni (ledipasvir/sofosbuvir) for the treatment of HCV infection. The pills will be the exclusive treatment option for beneficiaries on CVS's Medicare, Medicaid and other drug benefit plans. AbbVie's (ABBV -2.9%) Viekira Pak will be available only via a medical exception or prior authorization. Recently, AbbVie announced a similar deal with Express Scripts.
    • Previously: AbbVie's new hepatitis C drug gets boost (Dec. 22, 2014)
  • Dec. 16, 2014, 7:42 AM
    • CVS Health (NYSE:CVS) approves a new $10B share buyback program on top of a quarterly dividend boost to $0.35/share.
    • The company sees FY15 EPS of $5.05-$5.19 vs. $5.11 consensus.
    • Free cash flow of $5.9B to $6.2B is expected to be generated next year.
    • CVS +0.2% premarket.
  • Sep. 18, 2014, 9:30 AM
    • Shares of Walgreen (NYSE:WAG) and CVS Caremark (NYSE:CVS) are showing some weakness early after results from Rite Aid (NYSE:RAD) take a hit from generic drug introductions.
    • Walgreen is down 0.4% premarket, while CVS is tilting 0.6% south.
    • Rite Aid (RAD) is in a dive, now down 13.4%.
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  • Aug. 11, 2014, 2:32 PM
    • Drugstore stocks are on the move as investors continue to shift assets into consumer staples stocks.
    • Walgreen (WAG +2%), CVS Caremark (CVS +0.8%), and Rite Aid (RAD +1.8%) are all higher on the day.
    • The trio is also helping lift  the Consumer Staples ETF (NYSEARCA:XLP) to a 1% gain to stay ahead of broad market averages.
  • Jul. 28, 2014, 9:03 AM
    • Shares of Horizon Pharma (NASDAQ:HZNP) are off 29% premarket on heavy volume after it disclosed in a regulatory filing that CVS Caremark (NYSE:CVS) and Express Scripts (NASDAQ:ESRX) are dropping Duexis and Vimovo from their formularies. The products will be placed on their exclusion lists effective January 1, 2015.
    • The company does not expect the actions to impact its financial guidance of $270M - 280M in net revenues and $80 - 90M in EBITDA for fiscal 2014, although 20 - 30% of the prescription volume is at risk.
    • Horizon will include the effects of the situation in its 2015 guidance to be issued in Q4.
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  • Feb. 28, 2014, 12:49 PM
    • Fred's (FRED +7.1%) has talked to Walgreen (WAG +0.1%), Dollar General(DG +0.2%) and CVS Caremark (CVS +1.5%) about a sale, according to a developing Bloomberg report.
    • The company is in the midst of a strategic review.
    • Shares of FRED have popped off the news.
  • Feb. 10, 2014, 2:19 PM
    • Arena Pharmaceuticals (ARNA +4.9%) and Japanese partner say their Belviq weight loss drug will be available to more people thanks to an agreement with pharmacy benefits manager CVS Caremark (CVS +0.6%), which means more than half of all Americans with insurance should now have access to the drug.
    • Aetna (AET) recently announced it would offer Belviq as a preferred brand to eligible patients as part of its pilot program to self-insured plan sponsors.
    • Belviq is approved for use in adults who are obese or who are overweight and have at least one serious medical condition, such as diabetes or high cholesterol.
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  • Feb. 5, 2014, 7:29 AM
    • CVS Caremark (CVS) says it will stop selling tobacco products by October 1, 2014.
    • The company estimates it will lose $2B in annual revenue and $0.17 in profit per year. The impact on 2014 EPS will be $0.06-$0.08.
    • The end game is that CVS could be in a much position than Walgreen (WAG) or Rite Aid (RAD) to strike deals with medical groups and insurance companies.
    • CVS -1.7% premarket
  • Nov. 27, 2013, 11:00 AM
    • CVS Caremark's (CVS) agreement to acquire Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group, for approximately $2.1B will strengthen its position relative to market leader Walgreens (WAG), Wells Fargo says.
    • "This transaction should strengthen CVS' positioning in the specialty pharmaceutical business, which we believe is increasingly critical in driving growth for the PBMs, particularly as we believe historical sources of earnings growth taper (including generics and mail order). Walgreens is currently the market leader in the specialty pharmacy business, followed closely by CVS and the acquisition of Coram should strengthen CVS' positioning."
    • "Prior to Caremark being solely a PBM, it was one of the largest home infusion therapy companies in the country, but Caremark sold these assets in 1995 to Coram for about $310M in cash and preferred stock, with estimated revenues of under $500M. Today's announcement will bring back this business despite the now resolved litigated history regarding the original sale, though Coram is now considerably larger and includes ambulatory infusion sites."
    • Coram peer BioScrip (BIOS) is +20% today, a move that appears directly related to the acquisition of Coram.
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  • Nov. 5, 2013, 8:10 AM
    • CVS Caremark (CVS) reports a nice jump in profits during Q3 as its pharmacy business thrived and a legal settlement factored in.
    • Revenue in the Pharmacy Services segment rose 7.8% to $19.5B on higher claims and drug prices, while the Retail Pharmacy segment saw a 5% jump in sales to $16.3B on higher prescription volume.
    • The company raised and narrowed its guidance for full year EPS. (PR)
    • CVS +2.5% premarket.
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  • Aug. 29, 2013, 2:38 PM
    • A mix of economic news is lifting select grocery and drugstore stocks as the sector gets another look amid broad concerns over consumer spending.
    • Advancers: SWY +1.4%, KR +1.2%, WFM +1.7%, NGVC +3.5%, WAG +1.5%, RAD +2.5%, CVS +1.2%, VSI +2.5%.
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  • Aug. 6, 2013, 9:23 AM
    • CVS Caremark (CVS) says revenue from its retail pharmacy and PBM business both rose at a 2% rate during Q2.
    • New generic drug introductions helped margins, but cut into sales.
    • The company says it expects 2013 EPS of $3.90-$3.96 vs a prior outlook of $3.89-$4.00. (PR)
    • CVS -0.4% premarket.
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  • Feb. 19, 2013, 12:37 PM
    CVS Caremark (CVS +2.6%) and Rite Aid (RAD +5.4%) both trade higher, riding the back of a strong quarter and promising guidance from Express Scripts. Sector peer Walgreen (WAG +0.9%) isn't quite keeping up despite a price target boost by Cantor Fitzgerald to $45.
  • Dec. 13, 2012, 9:10 AM
    Premarket gainers: TELK +28%. ONCY +22%. BBY +17%. CLWR +13%. CVS +5%. TSL +5%.
    Losers: RIGL -33%. HRG -26%.
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  • Dec. 13, 2012, 7:52 AM
    CVS Caremark (CVS) declares $0.225/share quarterly dividend, 38% increase from prior dividend of $0.1625. Forward yield 1.89%. For shareholders of record Jan. 24. Payable Feb. 04. Ex-div date Jan. 22. Shares +4.1% premarket. (PR)
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Company Description
CVS Health Corp iis an integrated pharmacy health care provider. The Company has three segments: Pharmacy Services, Retail Pharmacy and Corporate.
Sector: Services
Industry: Drug Stores
Country: United States