Projo Biz Blog

CVS Caremark reports increased third quarter profits

7:31 AM Thu, Oct 30, 2008 |
By Business staff    Email this author |   Email this entry

Woonsocket-based CVS Caremark Corp. reported this morning that third-quarter profits rose on sales of store-branded products.

Net income climbed to $736 million, or 50 cents a share, from $689.5 million, or 45 cents, a year earlier, the company said today.

Profit excluding some items was 60 cents a share, CVS said.

Sales advanced to $20.9 billion from $20.5 billion.

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