CVS reports profit up 7 percent in 3rd quarter
7:55 AM Thu, Oct 30, 2008 | Permalink
Email
 |
 |
Projo 7 to 7 News BlogTaking the news pulse of Rhode Island and Southeastern Massachusetts, by Providence Journal and projo.com staff, from 7 to 7, every business day |
|
Get the 7 to 7 on your mobile at www.projo.com. Twitter: projo | RSS | Email alerts
« Panel at Miriam will try to translate health literacy |
Main
| Mother of abused baby is due in court today »
WOONSOCKET, R.I. (AP) -- Drugstore operator and pharmacy benefits manager CVS Caremark Corp. says its profit grew 7 percent in the third quarter as retail pharmacy revenue improved. CVS says it earned $732.5 million, or 50 cents per share, up from $686.1 million, or 45 cents per share a year ago. It says revenue grew 2 percent, to $20.86 billion from $20.5 billion, with retail pharmacy revenue up 5 percent to $11.54 billion. CVS says it earned 56 cents per share excluding one-time items. Thomson Reuters says analysts expected greater profit of 60 cents per share and $21.06 billion in revenue. Better pharmacy sales and front-end revenue lifted CVS's retail pharmacy profit, and CVS says sales at older stores grew 3.7 percent. It says pharmacy services revenue fell about 1 percent. -- The Associated Press 
|
New comments
New photos
New posts
Projo blogs
Archives
Leave a comment
Please be civil. Vicious comments, personal attacks and profanity won't be published. Name and email are required; email address will not publish.