CVS Up After Raising Full Year Outlook on Insurance Strength (1)

CVS Health Corp. shares rose after the health conglomerate raised its 2025 profit guidance on strong results in its health insurance and pharmacy businesses, an encouraging sign after a spate of missteps by rival insurers.

The company expects 2025 adjusted earnings per share of $6.30 to $6.40, up from a prior forecast of $6.00 to $6.20, it said in a statement Thursday. CVS raised its guidance after its Aetna health insurance arm and its pharmacy unit outperformed expectations in the second quarter.

CVS shares rose 5.6% when markets opened in New York, after gaining 39% since the start of the ...