CVS Health (CVS) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
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CVS lowers vaccination expectations, but says more people are coming in for first doses
CVS lowered its guidance for vaccines after seeing vaccinations decline from their mid-April heights. But more people are coming in for first doses after the Delta variant has caused Covid-19 cases to rise again.
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CVS Health expects to administer fewer vaccines than it originally expected this year, though more people are actively seeking out a first dose as Covid-19 cases climb again.
After seeing vaccination rates peak in April and decline in May and June, the company lowered its guidance for how many vaccines it expects to administer in 2021. It now expects to dole out a total of 32 million to 36 million vaccines, just a little bit more than the 30 million it has already administered. Those numbers assume a limited number of pediatric vaccines, but no booster shots, CFO Shawn Guertin said in a Wednesday earnings call.
Vaccines and a return to normal care levels helped push CVS Health past Wall Street’s second-quarter expectations, but the resurging COVID-19 pandemic is clouding the health-care giant’s 2022 expectations.
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