CVS Caremark Corporation
CVS Caremark Reports Record Third Quarter 2009 Results
Published in Physician Law Weekly, November 18th, 2009
CVS Caremark Corporation (NYSE: CVS) announced record third quarter revenues, operating profit, and net income for the quarter ended September 30, 2009. Revenues Net revenues for the third quarter of 2009, increased $3.8 billion to $24.6 billion, up from $20.9 billion during the third quarter of 2008. Net revenues were positively impacted by one more reporting day during the third quarter of 2009 compared to the third quarter of 2008.
Revenues in the pharmacy services segment increased 23.4% to $13.0 billion in the third quarter of 2009. Adjusting the growth rate for the impact of new generics, net revenues would have grown 27.2% in the pharmacy services segment....
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Source: Physician Law Weekly (2009-11-18)
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