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Stock impact report

Wall Street looking for CVS to show execution plan [Yahoo! Finance]

Centene Corporation (CNC) 
Last centene corporation earnings: 4/28 06:00 am Check Earnings Report
US:NYSE Investor Relations: centene.com/investors.html
Company Research Source: Yahoo! Finance
Medicare business than his predecessor when he tackles his first earnings call as CEO on Wednesday, particularly after rivals have shown progress on that front in recent financial reports. Joyner replaced Karen Lynch as CEO three weeks ago as the company withdrew its 2024 earnings forecast and provided a third-quarter profit outlook far below analysts' expectations, citing medical spending in its insurance business. CVS shares are down 30% this year and the company faces pressure from investors including hedge fund Glenview Capital Management to improve shareholder value. In the Oct. 18 release, CVS said it had conducted a strategic review that included layoffs, write-downs and the decision to close 271 more retail stores. CVS, which owns insurer Aetna, one of the biggest pharmacy chains in the country and a large pharmacy benefit manager, has repeatedly missed financial expectations in the past year, largely due to costs in its Medicare Advantage plans for people aged 65 and ol Show less Read more
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