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

CVS Caremark

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.