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Walgreens Boots Alliance Q3 Earnings Miss Estimates

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Walgreens Boots Alliance (NASDAQ: WBA) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $1 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -5.97%. A quarter ago, it was expected that this largest U.S. drugstore chain would post earnings of $0.82 per share when it actually produced earnings of $1.20, delivering a surprise of 46.34%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Walgreens, which belongs to the Zacks Retail – Pharmacies and Drug Stores industry, posted revenues of $36.35 billion for the quarter ended May 2024, surpassing the Zacks Consensus Estimate by 1.07%. This compares to year-ago revenues of $35.42 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings …

Full story available on Benzinga.com

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