CVS Caremark Corporation (CVS) Shares Rise With Profits

Drugstore operator CVS Caremark Corporation (NYSE: CVS) reported a rise in 4th quarter profits of 11%, news of which sent shares up more than 5%.

CVS Caremark Corporation's 4th quarter net income climbed to $1.05 billion, or 74 cents per share, from $949 million, or 65 cents per share, for the same quarter a year earlier. Adjusted net income was 79 cents per share.

Revenue for the 4th quarter rose $1.7 billion to $25.8 billion.

A survey of analysts by FactSet Research, forecast CVS Caremark Corporation to earn 77 cents per share on revenue of $26.43 billion.