CVS Caremark Corp.'s fourth-quarter earnings climbed nearly 4 percent as the drugstore operator's pharmacy services revenue swelled because of a long-term contract and new business.
The Woonsocket, R.I., company also said Wednesday that it raised its 2012 earnings forecast by 3 cents per share to account for gains it expects because of a contract dispute between competitors Walgreen Co. and Express Scripts Inc.
Company shares climbed 47 cents to $43.55 in pre-market training.
CVS Caremark's net income rose to $1.06 billion, or 82 cents per share, in the three months that ended Dec. 31. That compares with $1.03 billion, or 75 cents per share, in the final quarter of 2010.
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