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CVS Caremark profit jumps 18 pct; boosts outlook

CVS Caremark Corp.'s second-quarter net income jumped 18.4 percent, as its drugstores took business from rival Walgreen and an expansion of its pharmacy benefits management segment pushed revenue higher.Full story

Earnings Preview: CVS Caremark reports 2Q Tuesday

CVS Caremark Corp. gained millions of new prescriptions in this year's first quarter due to the business break up of competitors Walgreen Co. and Express Scripts. Investors will want an update on that impact when CVS Caremark reports second-quarter numbers Tuesday. Full story

CNBC Earnings Roundup

  CNBC's Courtney Reagan has the details on today's earnings action, including Kellogg and CVS Caremark.

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Kirk Sykes, chairman of the board of the Federal Reserve Bank of Boston, listens as Larry Merlo, President and CEO of CVS Caremark, speaks at the Boston College Chief Executives' Club of Boston luncheon in Boston
Kirk Sykes, chairman of the board of the Federal Reserve Bank of Boston, listens as Larry Merlo, President and CEO of CVS Caremark, speaks at the Boston College Chief Executives' Club of Boston luncheon in Boston

Kirk Sykes, chairman of the board of the Federal Reserve Bank of Boston, listens as Larry Merlo, President and CEO of CVS Caremark, speaks at the Boston College Chief Executives' Club of Boston luncheon in Boston, Massachusetts June 5, 2012. REUTERS/Brian Snyder (UNITED STATES - Tags: BUSINESS)

Larry Merlo, President and CEO of CVS Caremark, answers questions from reporters after speaking at the Boston College Chief Executives' Club of Boston luncheon in Boston
Larry Merlo, President and CEO of CVS Caremark, answers questions from reporters after speaking at the Boston College Chief Executives' Club of Boston luncheon in Boston

Larry Merlo, President and CEO of CVS Caremark, answers questions from reporters after speaking at the Boston College Chief Executives' Club of Boston luncheon in Boston, Massachusetts June 5, 2012. REUTERS/Brian Snyder (UNITED STATES - Tags: BUSINESS)

Larry Merlo, President and CEO of CVS Caremark, speaks at the Boston College Chief Executives' Club of Boston luncheon in Boston
Larry Merlo, President and CEO of CVS Caremark, speaks at the Boston College Chief Executives' Club of Boston luncheon in Boston

Larry Merlo, President and CEO of CVS Caremark, speaks at the Boston College Chief Executives' Club of Boston luncheon in Boston, Massachusetts June 5, 2012. REUTERS/Brian Snyder (UNITED STATES - Tags: BUSINESS)