CVS Caremark net income climbs 11%

CVS Caremark Corp. posted an 11% rise in fourth-quarter profit, helped by new client starts and a boost in pharmacy-benefit claims by the addition of RxAmerica, the drugstore chain said Monday.

The news sent shares up about 6% to $32.95 in early action.

CVS Caremark said its fourth-quarter net income climbed to $1.05 billion, or 74 cents a share, from $949 million, or 65 cents a share, in the year-ago period.

The Woonsocket, R.I.-based company's adjusted net income totaled 79 cents a share in the latest quarter, including a tax benefit of a penny a share.

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- Posted: 2010-02-08 11:06:08

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