CVS Upgrades Its 2021 Profit Forecast Thanks to COVID-19 Vaccines and Tests That Boost Retail.

CVS Health Corp on Tuesday raised its adjusted earnings forecast for 2021, citing strong retail sales helped by increased demand for COVID-19 vaccines as well as over-the-counter tests in November and December.

The company, best known for its drugstore chain, raised its 2021 adjusted earnings per share forecast to $ 8.33 8.38, from at least $ 8.00 previously. (Report by Ankur Banerjee and Manojna Maddipatla Bengaluru; edited by Ramakrishnan M.)

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