BUZZ-CVS surges on Q4 profit beat

Updates

Shares of health insurer CVS Health CVS.N rise 15.2% to $63.36, highest in three months

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

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

*Reports 2025 adjusted profit in the range of $5.75 to $6.00 per share vs analysts' estimate of $5.96

"CVS' Q4 results and 2025 guide appear, at first glance, to be fairly solid after what was a challenged FY24"- brokerage Leerink Partners

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