Walgreens beats Street 3Q forecasts

MarketsAssociated Press

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.

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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 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on WBA at https://www.zacks.com/ap/WBA


Keywords: Walgreens Boots Alliance, Earnings Report