The company expects an “adverse impact” on medical memberships and on the timing and collectability of payments from customers.
In addition, says CVS
WFH is raising costs and hurting efficiency, and the turndown in rates
and stocks is having a big negative impact on net investment income and
the value of the company’s investment portfolio.
Shares are down 0.4% today, continuing to miss out on the major bounce of the past three days.
https://seekingalpha.com/news/3555524-cvs-warns-on-memberships-collections-costs-investments
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