CVS Health Corp. raised its profit guidance for the year after posting strong results in its health insurance and pharmacy businesses, an encouraging sign after a spate of missteps by rival insurers.

CVS Health topped Wall Street expectations for the second quarter and hiked its full-year forecast again, as the health care giant continued to rally under new management from a forgettable 2024. The company said Thursday that it filled more prescriptions at its drugstores and an improving health insurance business fueled its quarterly

The company boosts its full-year guidance range for adjusted earnings on the heels of a strong second quarter.