Tag

Adjusted Earnings

All articles tagged with #adjusted earnings

business2 years ago•3 min saved

CVS Stock Plummets as Management Warns of Bleak 2024 Profit Outlook

CVS Health Corp shares fell after the company's management cautioned investors that its adjusted 2024 profit is expected to be towards the low end of its forecast. While maintaining its full-year adjusted profit guidance, CVS's interim CFO advised investors to have conservative expectations for 2024. The drugstore chain reported higher sales and profit in the third quarter, but has been grappling with rising costs in its pharmacy and insurance businesses. CVS also announced a restructuring plan last quarter to streamline operations and reduce costs. Additionally, CVS and its rival Walgreens Boots Alliance Inc. are facing walkouts and protests from their workers.

via Yahoo Finance|

#adjusted-earnings #business #cvs-health-corp

business2 years ago•0 min saved

AMC's Q1 earnings exceed expectations with higher sales and sizable cash position.

AMC Entertainment's shares rose by 3.4% in premarket trading after the company reported better-than-expected Q1 revenue and adjusted earnings. The movie theater chain reported a net loss of $235.5 million, or 17 cents per share, compared to a net loss of $337.4 million and 33 cents per share in the same period last year. On an adjusted basis, AMC reported a net loss of 13 cents per share, beating analysts' expectations.

via MarketWatch|

#adjusted-earnings #amc-entertainment #business