CVS Health Corporation
|Company Name||CVS Health Corporation|
On February 20, 2019, CVS announced the Company's fourth quarter and full year financial and operating results and provided 2019 full year guidance. CVS advised investors that adjusted earnings in 2019 would be $6.68 to $6.88 per share, compared with the $7.36 average of market estimates, citing rising costs and poor results related to the Company's 2015 acquisition of Omnicare. On this news, shares of CVS fell $5.66 per share, 8.1%, to close at $64.22 on February 20, 2019, thereby injuring investors.
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