: CVS Health reports 11% sales growth but cuts full-year earnings outlook as Oak Street deal closes 

by | May 3, 2023 | Stock Market

CVS Health CVS reported first-quarter earnings that beat analyst expectations Wednesday but cut its full-year guidance as it digests the acquisition of primary-care provider Oak Street Health.  The early close of the $10.6 billion deal for Oak Street, completed on Tuesday, “will be a short-term headwind” for 2023 earnings, CVS president and CEO Karen Lynch said on a conference call with analysts Wednesday. CVS cut its 2023 guidance for adjusted per-share earnings to a range of $8.50 to $8.70, down from $8.70 to $8.90.  …

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