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China Tech Buzz

Global News Impacting Chinese Tech

CVS, LLY, CLX, YUM and more

Source: cnbc.com cnbc.com
News Snapshot:

Check out the companies making the biggest moves midday: CVS Health — Shares fell about 3% after the company cut its 2023 forecast due to costs related to recent acquisitions of Signify Health and Oak Street Health. CVS cut its 2023 adjusted earnings guidance to a range of $8.50 to $8.70 per share from its previous projection of $8.70 to $8.90 per share. However, the company beat earnings and revenue expectations for the first quarter. Kraft Heinz — The consumer staples stock added 4% after the company topped analysts' expectations for both revenue and adjusted earnings per share, according to…

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