CVS Caremark Corp.'s first-quarter earnings jumped 23 percent and topped analyst expectations, as an influx of generic drugs continued to help the drugstore operator and pharmacy benefits manager's profitability.
May 01, 2013 at 12:00 AM
1 minute read
CVS Caremark Corp.’s first-quarter earnings jumped 23 percent and topped analyst expectations, as an influx of generic drugs continued to help the drugstore operator and pharmacy benefits manager’s profitability.
The Woonsocket, Rhode Island, company said Wednesday a strong flu season, new clients and Medicare prescription drug plans brought more claims to its pharmacy network. But new generic drugs were the main reason its profit climbed.
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