CVS Caremark Corporation (CVS) said net revenues increased 4.6% to $32.8 billion, with Pharmacy Services up 5.2% and Retail Pharmacy up 5.6%. Adjusted EPS increased 15.8% to $1.12, beating estimates, while GAAP diluted EPS increased 16.9% to $1.05. Excluding a $0.17 per share loss on early extinguishment of debt in the fourth quarter of 2012, adjusted EPS decreased 1.9%.
The company confirmed full year adjusted EPS guidance of $4.36 to $4.50, GAAP diluted EPS from continuing operations of $4.09 to $4.23. Additionally CVS raised first quarter adjusted EPS guidance of $1.03 to $1.06 and GAAP diluted EPS of $0.97 to $1.00.
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