CVS Health Corp reported a 53.7per cent rise in quarterly profit on Wednesday, as lower medical costs in the company's health insurance business helped it weather a hit to sales at its drugstores due to coronavirus lockdowns.
FILE PHOTO: The CVS logo is seen at one of their stores in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew KellyREUTERS: CVS Health Corp reported a 53.7per cent rise in quarterly profit on Wednesday, as lower medical costs in the company's health insurance business helped it weather a hit to sales at its drugstores due to coronavirus lockdowns.
Net income attributable to CVS rose to US$2.98 billion, or US$2.26 per share, in the second-quarter ended June 30, from US$1.94 billion, or US$1.49 per share, a year earlier.
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