3:06 PM
 | 
Aug 09, 2018
 |  BC Extra  |  Company News

CVS earns less off rebates than the Street thought

CVS Health Corp. (NYSE:CVS) reported lower-than-expected contribution of retained rebates to its 2Q18 earnings and drew closer to completing its acquisition of Aetna Inc. (NYSE:AET) -- a move expected to cut its healthcare costs.

CVS revealed that it expects to bring in retained rebates of $300 million for the year, or about 3% of annual adjusted EPS.

Mizuho Americas Healthcare Services Analyst Ann Hynes told BioCentury she had estimated that rebates account for...

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