CVS’ 2017 profit jumps on tax cut boon

CVS HEALTH CORP. reported a $6.6 billion profit for 2017. / BLOOMBERG FILE PHOTO.CHRISTOPHER LEE
CVS HEALTH CORP. reported a $6.6 billion profit for 2017. / BLOOMBERG FILE PHOTO.CHRISTOPHER LEE
WOONSOCKET – CVS Health Corp. on Thursday reported a $6.6 billion profit for 2017, an increase of 24.5 percent from the prior year's $5.3 billion fueled by federal tax changes. CVS attributed $1.6 billion in fourth-quarter cash benefits to changes enacted by the Tax Cuts and Jobs Act. The company said this was mostly due…
To read the full story, Subscribe or
Subscribe to PBN
- Advertisement -