miércoles, 12 de febrero de 2014 - 11 de Febrero 2014 - EEUU

No Dip for CVS Following Tobacco Announcement

CVS’s stock price rose as the company reported glowing earnings Tuesday, positioning the nation’s largest pharmacy chain for a strong year less than one week after it announced it would stop selling tobacco products in the U.S.

Company shares have risen 2.3% since CVS’s surprising February 7 announcement that it would remove all cigarette and tobacco products from its 7,600 pharmacies nationwide by October 1. The earnings report released Tuesday shows the company’s profits in the last quarter of 2013 increased $140 million from the same period a year ago, and revenue hit $32.8 billion.

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