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CVS Health's Profits Increase, But Revenue Disappoints

SFGate, Thursday, November 10, 2016 8 AM

CVS Health Corp. missed Wall Street's revenue expectations in the third quarter, despite sales jumping due to acquisitions. The company trimmed its profit forecast for this year, triggering a stock sell-off. The drugstore chain and pharmacy benefits manager also noted significant headwinds that forced it to reduce its 2016 profit forecast by a nickel per share.

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