CVS tops estimates, hikes guidance as insurance business shows some improvement
1. CVS reported better-than-expected first-quarter earnings and raised its guidance. 2. The insurance segment improved, but GAAP EPS guidance was revised lower due to legal issues. 3. Sales in retail pharmacy fell below expectations amid soft consumer spending. 4. CVS aims for $2 billion in cost cuts as it navigates market challenges. 5. Aetna will cease ACA marketplace offerings in 2026, impacting CVS's insurance business.