CVS Beats Q3 Earnings Estimates But Lowers Full-Year Guidance; Stock Drops Despite Solid Results
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CVS Health beat Q3 earnings estimates with revenue of $89.8B and EPS of $2.21.
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However, CVS lowered its full-year EPS guidance, causing the stock to drop 6%.
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CVS reiterated its full-year adjusted EPS outlook of $8.50-$8.70.
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CVS offers an attractive dividend yield of 3.5%.
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Despite the lowered guidance, CVS' Q3 results were solid and the stock remains a buy.
