CVS earned $1.12 billion, or 91 cents a share, during the quarter, up from $966 million, or 75 cents a share, in the same period last year.
Adjusted earnings rose to 97 cents a share from 81 cents, beating analysts' expectations for earnings of 96 cents, according to Thomson Reuters.
Revenue climbed 1.7% to $31.25 billion.
"As expected, new generic drug introductions continued to be a significant growth driver across the enterprise, resulting in healthy margin expansion and earnings growth," President and CEO Larry Merlo said in a statement.The company also narrowed its 2013 earnings per share forecast. It now expects adjusted earnings of $3.90 to $3.96 a share for the full year. Analysts have expected a full-year profit of $3.98. CVS narrowed its guidance in accordance with the timing of share repurchases.
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