CVS Health revenue hits $72.6B in Q2

CVS Health reported its second-quarter earnings Aug. 4.

Three things to know:

  1. CVS Health, which owns Aetna, saw its revenues grow to $72.6 billion from $65.3 billion during the same time period in 2020, according to Yahoo Finance.

  2. The company posted a second-quarter profit of $2.8 billion, a 6.7 percent decrease from $3 billion in 2020. CVS attributed the loss to a surge in care after significant care deferments in 2020 from COVID-19.  

  3. The company also announced it would raise its hourly pay from $11 to $15 beginning in July 2022 and will drop certain education requirements for job candidates, CNBC reported Aug. 4.

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