Walgreens pharmacy pharmacist

Walgreens Boots Alliance was down about 3% Thursday after sales fell short of Wall Street expectations.
Sales jumped 10.9% year-over-year to $33.4 billion, but that was shy of the $33.77 billion that analysts surveyed by Bloomberg were expecting.
The company earned $1.48 a share, topping the Wall Street estimate of $1.45.
Watch Walgreens Boots Alliance trade in real time here.

Walgreens Boots Alliance was down about 3% early Thursday after the pharmacy chain reported fiscal fourth-quarter sales that missed Wall Street estimates.

Sales jumped 10.9% from a year ago to $33.4 billion, but that was shy of the $33.77 billion that analysts surveyed by Bloomberg were expecting. Walgreens $1.48 a share, or $1.4 billion, beating the Wall Street consensus of $1.45. Same-store sales increased 0.3%.

Walgreens’ U.S. retail pharmacy revenues increased by 14.4% to $25.5 billion compared to the year-ago quarter. This was primarily due to higher prescription volume from the acquisition of Rite Aid stores, added the company release.

“The integration of the acquired Rite Aid stores is on track, and our pharmacy market share in the U.S. increased year-over-year on an annual basis,” Stefano Pessina, Walgreen’s executive vice chairman and chief executive said in a press release.

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Source:: Businessinsider – Finance

      

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