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CVS Raises View as Covid Shots, Tests Offset Weak Flu Season (1)

May 4, 2021, 2:34 PM

CVS Health Corp. raised its full-year forecast as Covid-19 vaccines and testing helped boost first-quarter results and offset a weak cold and flu season.

The health-care company gave 17 million Covid shots at long-term care facilities and at its pharmacies through April. CVS is now immunizing in about 8,300 locations in 49 states, Chief Executive Officer Karen Lynch said Tuesday on a call with analysts.

With about 9,900 locations nationwide, CVS has administered some 23 million virus tests, including 9 million in the first quarter. Vaccines and testing are already attracting foot traffic, company executives said, and about 9% of...

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