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The Boston Globe

Business

CVS earnings are up 16 percent

CVS Caremark Corp. said Tuesday that its third-quarter earnings climbed 16 percent. The drugstore operator and pharmacy benefits manager posted revenue increases in both businesses, benefiting from new customers won from rivals, and raised its full-year earnings outlook.

The Woonsocket, R.I., company said it earned $1.01 billion, or 79 cents per share, in the three months ended Sept. 30.

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