CVS Caremark profit rises and sees market share gains
Posted on 3:24 PM, under Earnings, economy, inspriration, Stocks
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ATLANTA (Reuters) – CVS Caremark Corp (CVS.N) posted a higher quarterly profit on Thursday, helped by growth in its pharmacy services and retail drugstore units, and said it expected more market share gains, sending its shares up 7 percent.
The company stood by its profit forecasts for the current first quarter and full-year 2009.
Chief Financial Officer Dave Rickard will retire at the end of this year, and CVS will start a search for his successor, the company added.
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The company stood by its profit forecasts for the current first quarter and full-year 2009.
Chief Financial Officer Dave Rickard will retire at the end of this year, and CVS will start a search for his successor, the company added.
Read the rest of the story....