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Summary Box: CVS Caremark 1Q profit jumps 9 pct

The Associated Press

EARNNGS GROWTH: CVS Caremark Corp. posted eaernings of $776 million, or 59 cents per share, in the first quarter. That compares with $713 million, or 52 cents per share, last year. Revenue rose 20 percent to $30.8 billion.

Adjusted earnings were 65 cents per share.

EXPECTATIONS: Analysts surveyed by FactSet expected, on average, earnings of 62 cents per share on $30.3 billion in revenue.

NEW FORECAST: CVS Caremark now expects 2012 adjusted earnings to range between $3.23 and $3.33 per share. That's up from a previous forecast of $3.18 to $3.28 per share.