Walgreens: Fiscal 2Q Earnings Snapshot

Walgreens Boots Alliance Inc. (WBA) on Tuesday reported fiscal second-quarter earnings of $1.16 billion.

On a per-share basis, the Deerfield, Illinois-based company said it had profit of $1.24. Earnings, adjusted for one-time gains and costs, were $1.64 per share.

The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.

The largest U.S. drugstore chain posted revenue of $34.53 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $34.84 billion.

Walgreens shares have decreased 7 percent since the beginning of the year. The stock has risen roughly 1 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