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Walgreens: Fiscal 1Q Earnings Snapshot

December 20, 2018

DEERFIELD, Ill. (AP) _ Walgreens Boots Alliance Inc. (WBA) on Thursday reported fiscal first-quarter profit of $1.12 billion.

The Deerfield, Illinois-based company said it had profit of $1.18 per share. Earnings, adjusted for one-time gains and costs, were $1.46 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The largest U.S. drugstore chain posted revenue of $33.79 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $33.58 billion.

Walgreens shares have risen nearly 1 percent since the beginning of the year. The stock has risen 1.5 percent in the last 12 months.

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

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