CVS Health Profit Rises 34% On Vaccine, Test Boost

CVS Health Profit Rises 34% On Vaccine, Test Boost

(Reuters) -CVS Health Corp’s quarterly profit rose 34.2% on Wednesday, helped by Omicron-spurred demand for COVID-19 tests and vaccinations.

The company administered over 8 million COVID-19 tests and more than 20 million coronavirus vaccines across the U.S. during the quarter, CVS said.

Net income attributable to the company’s shareholders rose to $1.31 billion, or 98 cents per share, in the fourth quarter ended Dec. 31, from $973 million, or 75 cents per share, a year earlier.

Revenue rose 10% to $76.60 billion.

(Reporting by Leroy Leo and Manas Mishra in Bengaluru; Editing by Shounak Dasgupta)