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Here's Why Shares of CVS are Lower Tuesday

CVS Health shares were down Tuesday after the company reported mixed results and downside guidance.
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CVS Health (CVS) - Get CVS Health Corporation Report shares plunged Tuesday on mixed third quarter results despite posting a 24% increase in profits to $1.64 a share, topping analyst estimates by $0.07 a share. However, while revenue jumped 16% in the period to $44.62 billion, that total missed analysts' estimates. For the current quarter, the drugstore chain expects to earn between $1.64 and $1.70 a share vs. Wall Street's expectations of earnings of $1.79 a share.

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