Shares of CVS Caremark (CVS) rose more than 5% over the past trading week. On Thursday, the pharmacy health care provider issued a strong outlook for 2013.
2013 Outlook
For the coming year the company expects adjusted earnings per share to come in between $3.84 and $3.98. The target implies that earnings growth is expected to come in between 13 and 17%. The guidance comes in ahead of analysts' consensus of $3.78 per share.
GAAP earning per share are expected to come in between $3.59 and $3.73.
For the full year of 2013, the company expects to generate free cash flows of $4.8 to $5.1 billion. Cash flow from operations are expected to come in between $6.4 and $6.6 billion.
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