CVS
Caremark Corporation (NYSE:CVS) added 0.61% to $29.83. The
company said this month its third-quarter earnings fell to $808 million or 59
cents a share, from $1.02 billion, or 71 cents a share, in the year-ago period.
Adjusted income totaled 65 cents a share in the latest period. Revenue fell 3%
to $23.9 billion.
The company was expected to earn 64 cents a share, on revenue of
$23.9 billion, according to a survey by FactSet Research. CVS Caremark narrowed
its 2010 profit view to a range of $2.68 to $2.70 a share, from its earlier
estimate of $2.68 a share to $2.73 a share.
The stock went down more than 7% year-to-date.
Time
Warner Inc. (NYSE:TWX) closed at $30.54. The company reported this
month that third-quarter net income fell 21% on 1.8% higher revenue. Earnings
fell to $522 million or 46 cents a share, from $662 million, or 55 cents, in
the year-earlier quarter. Adjusted profit from continuing operations was 62
cents against 53 cents.
A survey of analysts by FactSet Research produced consensus
estimates of 53 cents a share of profit on $6.43 billion of revenue.
The 52-week range of the stock is $26.43-$34.07.
DIRECTV
(NASDAQ:DTV) jumped 0.46% and closed at $41.60. Earlier this
month, DirecTV said net income rose to $479 million or 55 cents per share in
the third quarter, from $366 million, or 37 cents per share, a year earlier.
Its profit matched analyst expectations.
Revenue rose 10 percent to $6.03 billion, topping the $5.98 billion
analysts polled by Thomson Reuters had expected.
The stock went up more than 24% year-to-date.
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