BUZZ-CVS surges on Q4 profit beat

Shares of health insurer CVS Health CVS.N rise 9.3% to $60.12 premarket

Co reports smaller-than-expected drop in Q4 adjusted profit as pace of its insurance unit's medical cost increases slowed

Co reports Q4 adjusted profit of $1.19 per share, above analysts' average estimate of 93 cents, as per data compiled by LSEG

Co's Q4 medical loss ratio, or percent of premiums spent on patient care, rises to 94.8% from 88.5% in the same period a year earlier

Analysts expected the company to report a loss ratio of 95.46%, according to consensus estimates compiled by brokerage Deutsche Bank

Stock had fallen 43.2% in 2024