Walgreens: Fiscal 1Q Earnings Snapshot
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.