Walgreens Boots Alliance reported fiscal third quarter earnings that beat Wall Street's expectations Thursday before market open.
Walgreens posted adjusted earnings of $1.47 per share and sales of $34.59Pedestrians walk past a Walgreens store in New York.reported fiscal third-quarter earnings that beat Wall Street's expectations Thursday before market open.
The drugstore chain reported adjusted earnings of $1.47 per share, beating analysts polled by Refinitiv's expectations of $1.43 per share. Walgreens posted $34.59 billion in sales. Analysts had expected $34.46 billion.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $34.59 billion vs. $34.46 billion expected
Walgreens maintained its full-year forecast of earnings to be roughly flat. The company cut its outlook last quarter from the previously guided 7% to 12% growth. Walgreens and its competitors are under pressure, with insurers paying pharmacies less to fill prescriptions and consumers buying fewer household items at drugstores and more online. Facing these challenges, Walgreens CEOdubbed last quarter the "most difficult" quarter since Walgreens acquired European drugstore chain Alliance Boots in late 2014 to form Walgreens Boots Alliance.
"Following a difficult second quarter, we made progress in the third quarter against the strategic goals we set, and are pleased to report an improvement in our U.S. comparable growth compared with the first half of the year," Pessina said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These Boots Are So Good, My Boyfriend Secretly Bought a Pair TooIf you haven't noticed them yet, you're going to start seeing them everywhere.
Read more »
Trump says 'not talking boots on the ground' if action taken against IranWASHINGTON/GENEVA (Reuters) - U.S. President Donald Trump said on Wednesday he was 'not talking boots on the ground' should military action be necessary against Iran, and said any conflict would not last long. 'I'm not talking boots on the ground,' Trump said. The comments come
Read more »
Micron pops on earnings and revenue beatMicron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.
Read more »
General Mills quarterly sales hit by lower snacks demand, shares fallCheerios cereal maker General Mills Inc reported quarterly sales below Wall Stre...
Read more »
Micron CEO Sanjay Mehrotra on strong earnings, trade tensions and moreMicron CEO Sanjay Mehrotra joins 'Squawk Alley' in an exclusive interview to discuss the company's Q3 earnings and revenue beat, the impact of trade tensions on revenue projections in Q4 and more.
Read more »