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CVS Health first-quarter profit jumps 41% on COVID-19 stockpiling

May 6 (Reuters) - CVS Health Corp on Wednesday reported a 41.2% rise in quarterly profit as its pharmacy benefits management business and its drugstores benefited from customers stockpiling medicines due to COVID-19 lockdowns.

The company also maintained its 2020 adjusted profit forecast.

Net income rose to $2.01 billion, or $1.53 per share, in the quarter ended March 31, from $1.42 billion, or $1.09 per share, a year earlier. (Reporting by Manas Mishra and Trisha Roy in Bengaluru; Editing by Shinjini Ganguli)

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