By Matt Grossman

CVS Health Corp. on Friday raised its full-year earnings guidance after posting a third-quarter adjusted profit that exceeded analysts' expectations.

The Woonsocket, R.I.-based pharmacy company now expects to report full-year earnings per share of $5.60 to $5.70, or $7.35 to $7.45 on an adjusted basis. Previous guidance from CVS had estimated a full-year profit of $5.16 a share to $5.29 a share, or $7.14 a share to $7.27 a share with adjustments.

Analysts had been expecting full-year adjusted earnings of $7.23 a share, according to FactSet.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

11-06-20 0707ET