Projo 7 to 7 News 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.

 Tags  CVS Caremark Corp. Woonsocket RI

Comments

Monroe Burbank said:

I really don't understand how CVS does it. I can buy everything in the store cheaper somewhere else. For the most part the place is a rip-off.

Link | November 5, 2009 10:38 AM
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dave from ashaway said:

Nice to have friends in high places.

Link | November 5, 2009 12:39 PM
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bob said:

you might want to update this blog since their stock is tanking 33% today.

Link | November 5, 2009 2:10 PM
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Ron said:

CVS (Consumer Value Store)

Where in the store is the Value's at? Everything is over priced.

Link | November 5, 2009 6:30 PM
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