Walgreens beats Street 3Q forecasts – Alabama News

Walgreens beats Street 3Q forecasts – Alabama News

Walgreens Boots Alliance Inc. on Thursday reported fiscal third-quarter earnings of $1.16 billion.

The Deerfield, Illinois-based company said it had profit of $1.07 per share. Earnings, adjusted for one-time gains and costs, were $1.33 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The largest U.S. drugstore chain posted revenue of $30.12 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $29.68 billion.

Walgreens expects full-year earnings in the range of $4.98 to $5.08 per share.

Walgreens shares have decreased roughly 7 percent since the beginning of the year. The stock has fallen 3.5…

click here to read more.

Share this post

Post Comment