CVS misses expectationsCVS Health missed Wall Street’s revenue expectations in the third quarter, despite sales jumping due to acquisitions. The company trimmed its profit forecast for this year, triggering a stock sell off.The drugstore chain and pharmacy benefits manager also noted significant headwinds that forced it to reduce its 2016 profit forecast by a nickel per share. Those include a soft seasonal business, slowing prescription growth in the overall market and recent pharmacy network changes expected to reduce the number of prescriptions filled at its pharmacies this year. Those network changes will have a bigger effect in 2017, CVS predicted.The operator of the second-largest U.S. drugstore chain reported a 23.5 percent boost in profit to $1.54 billion, or $1.43 per share. Earnings, adjusted for one-time gains and costs, were $1.64 per share, topping Wall Street forecasts of $1.57 per share.Quarterly revenue jumped 15.5 percent to $44.62 billion, getting a lift from a boost in prescription volume and higher retail sales at its drugstores. Still, that missed Street expectations for revenue of $45.31 billion.The bulk of the revenue boost came from the CVS pharmacy benefits unit, with an increase of 19.2 percent to $4.9 billion. The key driver was a 23.3 percent surge in prescription claims processed, to a total of 282.6 million.The retail and long-term care unit had a 12.5 percent revenue boost to $20.1 billion, mainly on operations within Omnicare, a provider of pharmacy services to nursing homes and other clients. CVS Health bought Omnicare in 2015. CVS also benefited from its December 2015 acquisition of the pharmacy business of retailer Target.

Southwest Airlines pilots OK dealDALLAS Southwest Airlines’ pilots have ratified a new four-year contract that includes higher pay and bonuses.The Dallas-based carrier on Monday announced approval of the deal. About 84 percent of Southwest Airlines Pilots’ Association members who cast ballots voted in favor of the agreement. The contract includes an immediate 15 percent pay raise.Contract negotiations began in 2012. Mediated talks started in 2014. Pilots last November rejected another proposed contract.

Oil output cut may be less severeDALLAS — The decline in U.S. oil production may not be as severe as expected just a month ago.The government is raising its forecast of U.S. production for both this year and 2017, as drillers respond to higher crude prices. Still, output won’t match 2015, which was the biggest year for U.S. production since 1972.The Energy Department predicted Tuesday that domestic production will top 8.7 million barrels per day next year. That’s 140,000 more barrels per day than the department estimated just a month ago. Forecasters also raised their estimate of 2016 daily oil production by 110,000 barrels to more than 8.8 million barrels.That’s still below 2015’s output that hit 9.4 million barrels per day.