May 6, 2020 / 1:46 PM / 23 days ago

BRIEF-Cvs Health CFO Says Experienced Pressure On Medical Benefits Ratio In Q1 In Its Health Insurance Unit Due To Flu Season Conf. Call

May 6 (Reuters) - CVS Health Corp:

* CFO SAYS EXPERIENCED PRESSURE ON MEDICAL BENEFITS RATIO IN Q1 IN ITS HEALTH INSURANCE UNIT DUE TO FLU SEASON: CONF. CALL

* CFO SAYS FRONT STORE SALES DOWN 11% COMPARED TO APRIL 2019: CONF. CALL

* CFO SAYS MEDICAL BENEFITS RATIO COULD BE AT ITS LOWEST LEVEL IN Q2: CONF. CALL

* SAYS PHARMACY STORE SALES ARE IMPROVING AS SHELTER IN PLACE ORDERS ARE LIFTING AND IT OPENS STORES LONGER: CONF. CALL

* CFO SAYS Q2 WILL REFLECT A SIGNIFICANT INCREASE IN COVID-19-RELATED OPERATING EXPENSES OVER Q1: CONF. CALL

* SAYS CURRENTLY NEW PRESCRIPTION STARTS ARE DOWN 25% VERSUS A YEAR AGO: CONF. CALL

* CEO SAYS DIAGNOSIS AND MONITORING TO BECOME AN IMPORTANT PART OF “HEALTHHUBS” STRATEGY: CONF. CALL

* CEO SAYS CO’S BUSINESS IS TO A DEGREE, RECESSION-RESISTANT: CONF. CALL: CONF. CALL Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below