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Wednesday, May 2, 2018

CVS: Operating profit more weighted to 1H18

Says: $275M of investments made with a portion of the savings from tax reform is predominantly back-half weighted. Retail/LTC segment making better progress on certain pharmacy initiatives in front half, and was positively affected by strong flu season in Q1. LTC business experiencing some challenges, and its growth rate is lower than previously expected. While not different from prior expectations, Anthem implementation costs are back-half weighted.

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