December 22, 2008
CVS Expects Bad December
By Matthew L. Brown
Pharmacy retailer CVS Caremark Corp. confirmed its 2008 earnings guidance of between $2.42 and $2.47 per share.
The Woonsocket, R.I.-based company established that earnings range during the third quarter. Despite the sour economy, CVS saw sales increases of 4.3 percent and 6.1 percent in October and November, respectively.
The company said it expects December sales results "well short of those levels," but not low enough to drag earnings below expectations.
WBJ Web Partners
Most Recent
Most Recent
0 Comments