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Walgreens: Fiscal 2Q Earnings Snapshot

Associated Press
Updated ·1-min read

DEERFIELD, Ill. (AP) _ Walgreens Boots Alliance Inc. (WBA) on Thursday reported fiscal second-quarter net income of $946 million.

On a per-share basis, the Deerfield, Illinois-based company said it had net income of $1.07. Earnings, adjusted for one-time gains and costs, were $1.52 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.

The largest U.S. drugstore chain posted revenue of $35.82 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $35.3 billion.

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Walgreens shares have dropped 27% since the beginning of the year. The stock has fallen 32% 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