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Pharmacy chain operator CVS Caremark Corporation ( CVS ) on Tuesday posted better-than-expected second quarter earnings results and lifted its full-year outlook.

The Woonsocket, RI-based company reported second quarter net income of $967 million, or 75 cents per share, compared with $814 million, or 60 cents per share, in the year-ago period. Excluding special items, adjusted profit was 81 cents.

Revenue jumped 16% from last year to $30.7 billion.

On average, Wall Street analysts expected a smaller profit of 79 cents per share, albeit on higher revenue of $31 billion.

Looking ahead, CVS lifted its full-year 2012 earnings outlook to a range of $3.32 to $3.38 per share, up from a prior view of $3.23 to $3.33. Analysts currently expect $3.33 per share for the year.

CVS Caremark shares rose $1, or +2.2%, in premarket trading Tuesday.

The Bottom Line
Shares of CVS Caremark ( CVS ) have a 1.45% dividend yield, based on last night's closing stock price of $44.90. The stock has technical support in the $41-$42 price area. The stock is trading close to the all-time high levels of $48-$49 a share.

CVS Caremark Corporation ( CVS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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