Profits at CVS exceed estimates by a penny
8:04 AM Tue, May 05, 2009 | Permalink
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Woonsocket-based CVS Caremark Corp., the largest U.S. drug-store chain, reported first-quarter earnings that exceeded analysts' estimates by 1 cent. Net income fell to $738.4 million, or 50 cents a share, from $745 million, or 51 cents, the company said Tuesday. Analysts anticipated CVS would earn 49 cents a share on that basis, the average of estimates compiled by Bloomberg. Sales rose to $23.4 billion, compared with a $23.6 billion estimate of analysts. 
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