Investors and Traders Ride the CVS and Green Mountain Stock Waves
CVS Caremark Corporation (NYSE:CVS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income increased 6.2% to $1.13 billion ($1.14 per diluted share) in the quarter versus a net gain of $1.06 billion in the year-earlier quarter. Revenue rose 10.85% to $31.39 billion from the year-earlier quarter.
CVS Caremark Corporation reported adjusted net income of $1.14 per share. By that measure, the company beat the mean analyst estimate of $1.1. It beat the average revenue estimate of $31.13 billion.