CVS/Caremark profit rises 24.1% to $408.9M

THE FIRST QUARTER was "a very solid quarter" for both CVS and Caremark, says Thomas M. Ryan, president and CEO of the new CVS/Caremark Corp. /
WOONSOCKET – CVS/Caremark Corp. (NYSE: CVS) today said its first-quarter profit rose to $408.9 million or 43 cents per diluted share, an increase of 24.1 percent from the first quarter of 2006, on net revenue of $13.2 billion, an increase of 32.1 percent. Because CVS Corp.’s $27.2 billion acquisition of pharmacy benefits manager Caremark Rx…

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