CVS Caremark profit up; full-year view raised

Tue Aug 7, 2012 7:09am EDT

Aug 7 (Reuters) - CVS Caremark Corp posted a higher quarterly profit and raised its forecast for the year on Tuesday as it continued to see a lift in sales due in part to an impasse between its main drugstore rival, Walgreen Co, and its pharmacy benefits manager competitor, Express Scripts Holding Co .

Second-quarter profit rose to $966 million, or 75 cents per share, from $816 million, or 60 cents per share, a year earlier.

Revenue rose 16.3 percent to $30.71 billion.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.