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« Get free projo.com shades at two beaches | Today | Update: Collisions on Rte. 95 and Rte. 37/ Photo » August 2, 2007CVS Caremark 2Q profit doubles on revenue surgeWoonsocket -- Retail drug store company CVS Caremark Corp. said today its second-quarter profit more than doubled along with a near-doubling of revenue. The company earned $720.1 million, or 47 cents per share, compared with $334.4 million, or 40 cents per share, during the same period a year prior. Analysts surveyed by Thomson Financial expected profit of 46 cents per share. Revenue jumped to $20.7 billion from $10.6 billion. Analysts were expecting revenue of $20.6 billion. CVS bought Caremark for $26.5 billion on March 22 to create the new company. CVS Caremark had just over 1.54 billion shares outstanding as of June 30, compared with 850 million shares outstanding a year earlier. -- The Associated Press
During the quarter the company opened 37 new stores, including a specialty pharmacy store. It also closed 15 stores and relocated 30 stores. As of June 30, the company operated 6,177 retail pharmacy stores, 53 specialty pharmacy stores, 22 specialty mail order pharmacies and 10 mail order pharmacies in 44 states and the District of Columbia. Posted by Jack Perry CommentsPost a commentPlease be civil. Vicious comments, personal attacks and profanity won't be published. Name and email are required; email address will not publish. |
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ProJo 9 to 5 News Blog
Oct 2005 - March 2006