CVS Health beat quarterly profit estimates on Wednesday, as a decline in hospitalizations from COVID-19 helped bring down medical costs at its Aetna insurance business

CVS Health beat quarterly profit estimates on Wednesday, as a decline in hospitalizations from COVID-19 helped bring down medical costs at its Aetna insurance business.

The company posted an adjusted profit of USD 1.99 per share, above estimates of USD 1.92 per share, according to Refinitiv IBES data.CVS reaffirmed its full-year adjusted profit forecast of between USD 8.70 and USD 8.90 per share.

(Reuters)