CVS Shares Slip; Q4 Sales Healthy, Profit Not So Much
Posted on February 06, 2013 at 12:49 PM EST
CVS Caremark (CVS) reported higher fourth-quarter revenue early Wednesday, topping Wall Street expectations amid global expansion moves. Profit rose as well, helped by growth at both its pharmacy services business and CVS drugstore outlets, but was lighter than expected. The nation's largest drugstore chain opened a net 35 stores in the U.S. in the quarter, bringing its total to 7,525 locations in 45 states. It also announced that last week it