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CVS Caremark Corporation
CVS Caremark Reports Results for First Quarter 2009
May 23rd, 2009
CVS Caremark Corporation (NYSE: CVS), announced revenues, operating profit, and earnings for the first quarter ended March 31, 2009. Revenues: Net revenues for the first quarter of 2009, increased $2.1 billion to $23.4 billion, up from $21.3 billion during the first quarter of 2008. Net revenues were negatively impacted by one less reporting day during the first quarter of 2009 compared to the first quarter of 2008. Adjusting for the impact of one less reporting day, net revenues would have increased approximately $343 million, or 11.3%. Revenues in the pharmacy services segment increased 7.2% to $11.5 billion in the first quarter of 2009. Adjusting the growth rate for...
Source: Law & Health Weekly (2009-05-23)
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