Aetna deal begins to pay off for CVS

WOONSOCKET, R.I. — CVS swung back to a profit in the second quarter and easily beat expectations thanks in part to its acquisition of the health insurer Aetna.The drugstore on Wednesday reported profits of $1.94 billion, or $1.49 per share. Earnings, adjusted for one-time items, were $1.89 per share, which was 19 cents better than expected, according to a survey by Zacks Investment Research.Its revenue of $63.43 billion also topped expectations of $62.61 billion.For the full year, Wall Street expects earnings of $6.84 per share.CVS Health Corp. reaffirmed in June its forecast for per-share earnings between $6.75 and $6.90._____Portions of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVS at https://www.zacks.com/ap/CVSThe Associated Press read more