UPDATE: CVS Caremark Posts Higher Q4 Earnings

CVS Caremark

reported a rise in its fourth-quarter earnings. CVS Caremark's quarterly profit climbed to $1.13 billion, or $0.90 per share, from $1.1 billion, or $0.81 per share, in the year-ago period. Excluding one-time items, its adjusted earnings from continuing operations came in at $1.14 per share. Its revenue rose 11% to $31.39 billion. However, analysts were expecting earnings of $1.10 per share on revenue of $31.13 billion. CVS Caremark shares gained 1.80% to $52.65 in pre-market trading.