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UPDATE: CVS Caremark Posts Higher Q3 Profit, Lifts 2012 Forecast

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CVS Caremark (NYSE: CVS) posted a rise in its third-quarter profit and lifted its forecast for the year.

CVS Caremark's quarterly earnings surged to $1.01 billion, or $0.79 per share, from $868 million, or $0.65 per share, in the year-ago period.

CVS now projects adjusted earnings of $3.38 to $3.41 per share for this year, versus its earlier view of $3.32 to $3.38 per share.

CVS Caremark shares closed at $46.63 yesterday.

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