Does CVS Look Okay After Q1 Report?

Filed under: Earnings Reports, Wal-Mart (WMT), Walgreen Co (WAG), CVS Corp (CVS), Rite Aid Corp (RAD)

CVS Caremark (CVS), a drugstore chain that competes with Rite-Aid Corporation (RAD), Walgreen Company (WAG), and Wal-Mart Stores, Inc. (WMT), is acting in a boring way this afternoon. My screen shows, at the time of this writing, the stock down 44 cents, or 1.2%, to $36.64.

That's not too bad for the kind of trading session we're having. I bet CVS would have been up today following its Q1 report had the market action been different. But the tape is the tape, you can do nothing about that. According to Bloomberg BusinessWeek, the company made, on an adjusted basis, 60 cents per share, which was two pennies ahead of estimates.

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Does CVS Look Okay After Q1 Report? originally appeared on BloggingStocks on Tue, 04 May 2010 18:00:00 EST. Please see our terms for use of feeds.

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