Pharmacy sales boost profits at CVS
7:41 AM Thu, Nov 05, 2009 | Permalink
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Projo Biz Blog |
Drugstore sales and pharmacy benefits sevices boosted third-quarter profits at Woonsocket-based CVS Caremark Corp. by 39 percent. CVS said Thursday that profits jumped to $1.02 billion, or 71 cents per share, from $732.5 million, or 50 cents per share, a year prior. Net revenue rose 18 percent to $24.64 billion. Wall Street analysts forecast earnings of 64 cents per share and $24.61 billion in revenue. Revenue at CVS drugstores rose 17.9 percent while revenue from the Caremark pharmacy benefits management business rose 23.4 percent. 
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