CVS Rides Wave of Covid-19 Tests, Vaccines

Vaccinations and Covid-19 tests boosted revenue for CVS Health Corp. over the summer, fueling a larger quarterly profit and leading the drugstore and healthcare company to boost its full-year outlook.

Retail sales rose by 10% year over year in the three months through September, with Covid-19 vaccines and tests accounting for about 40% of the gain. Revenue also climbed in CVS’s health-insurance and pharmacy-services businesses as pharmacy claims grew, the company said Wednesday.

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