Thursday, January 31, 2008

CVS Earnngs Up on Caremark Acquisition...

CVS Caremark Corp. (CVS). The Woonsocket, RI-based drugstore chains operator today reported adjusted fourth-quarter income of $861.1 million, or 58 cents a share. Including certain merger and integration costs, the company reported net income of $815 million, or 55 cents a share.

Net revenue for the quarter rose to $21.94 billion from $12.07 billion a year earlier. Same-store sales for the quarter rose 3.4% from a year earlier.

The stock has a strong level of support right here in the mid 30's.

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