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CVS Caremark raises its forecasts
CVS Caremark has raised its full-year profit forecast as it wins over former patrons of Walgreen who fill prescriptions with pharmacy benefits manager Express Scripts. CVS also posted a fourth-quarter profit in line with analysts’ expectations, helped by better-than-expected revenue. CVS added three cents per share to its first-quarter and full-year adjusted earnings forecasts. It now expects to earn 61 cents to 63 cents per share this quarter and $3.18 to $3.28 per share this year.