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PROVIDENCE, R.I. (AP) - CVS/Caremark Corp. said Tuesday its earnings rose 24 percent on strong revenue growth in the first quarter as the huge drugstore chain operator absorbed the nation's second-largest pharmacy benefits manager.
"We have two very healthy businesses here," said Tom Ryan, president and chief executive. "CVS and Caremark had a very solid first quarter, as expected, with terrific growth across our business units."
Net income after paying preferred dividends grew to $405.4 million, or 43 cents per share, from $326.1 million, or 39 cents per share, a year ago.
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