Walgreens posted mixed quarterly earnings

Walgreens posted mixed quarterly earnings

Profit fell less than forecasted

One of the largest pharma chains in the US, Walgreens had its financial report. The figures came in mixed.

The quarterly profit fell less than expected to $373 million, or 43 cents per share. The last year’s figures were $677 million. The EPS decreased to $1.02, but it topped the 96 cents consensus.

Walgreens sales rose 2.3% to $34.75 billion. The market was looking for $34.37 billion. At a US level, sales increased 3.6% to $27 billion.

At a global level, sales dropped 14.9% to $2.3 billion. However, the figures came in higher than the $2.2 billion expected.

For the future, Walgreen expects strong EPS growth.

Following the news, Walgreen stock price gained almost 3%. Year-to-date, the stock dropped 39%.

Sources: marketwatch.com

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.