Diamonds and Dogs
2/12/25
CVS Health (CVS) turnaround looks to be working. The giant healthcare chain is up 8% to a six-month high as they beat by 28 cents as sales rose 4% to $97.71 billion. CVS saw growth at its pharmacy and consumer wellness segment, which have helped to offset "industry-wide challenges" that have impacted its health care benefits division.
Zillow (ZG) tumbles 12% following earnings and weak guidance. The online real estate company did beat earnings estimates as sales rose 16.9% year over year to $554 million. However, the Q1 revenue guidance for the company is expected to be more challenging in the housing market, including an expected year over year drop in pending home sales transactions. Zillow also saw some pull forward in closing loans in late December, negatively impacting January.
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