Shares of CVS Health Corp. (CVS) edged up 0.1% in premarket trading Tuesday, after the drug store chain and health care services company cut its guidance range for 2020 net earnings per share, citing losses on the early extinguishment of debt, but maintained its adjusted EPS outlook. The company now expects net EPS of $5.16 to $5.29, down from $5.59 to $5.72. Adjusted EPS is still expected to be $7.14 to $7.27, which surrounds the FactSet consensus of $7.23. The stock has dropped 22.0% year to date through Monday, while the S&P 500 has gained 4.7%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 15, 2020 06:54 ET (10:54 GMT)
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