AP NEWS

Walgreens: Fiscal 3Q Earnings Snapshot

June 27, 2019

DEERFIELD, Ill. (AP) _ Walgreens Boots Alliance Inc. (WBA) on Thursday reported fiscal third-quarter net income of $1.02 billion.

On a per-share basis, the Deerfield, Illinois-based company said it had net income of $1.13. Earnings, adjusted for one-time gains and costs, were $1.47 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The largest U.S. drugstore chain posted revenue of $34.59 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $34.53 billion.

Walgreens shares have decreased 23% since the beginning of the year. The stock has declined 21% 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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