CVS first quarter profit declines 21%, sales increase

WOONSOCKET – CVS Corp.’s first-quarter profit fell 21 percent as the second-largest U.S. drugstore chain lowered prices and increased advertising. Net income fell to $175.7 million, or 43 cents a share, from $221.7 million, or 54 cents, a year earlier, the company said in a statement. Sales rose 11 percent to $5.97 billion, Bloomberg News…

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