CVS Caremark Reports Mixed Results (CVS)

Woonsocket, Rhode Island-based CVS Caremark Corporation CVS released financial results on Thursday morning that beat Wall Street earnings estimates, while failing to meet revenue expectations. CVS Caremark Corporation announced that its 4th quarter net income fell to $1.03 billion, or 75 cents per share, down from $1.05 billion, or 74 cents per share, a year earlier. Excluding special items, the company reported earnings of 80 cents per share. CVS Caremark Corporation reported revenue of $24.77 billion, down 4.1% from $25.82 billion a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 79 cents per share, on revenue of $24.95 billion. The company expects full-year 2011 adjusted earnings per share from continuing operations of $2.72 to $2.82 per share. CVS Caremark Corporation (CVS) finished the previous trading day at $34.65 per share. The consensus price target of analysts covering the company's stock is $40.05 per share. CVS Caremark Corporation is the largest pharmacy health care provider in the United States. Read more from Benzinga's Company news.