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Walgreens shares rise after its earnings top estimates, fueled by higher drug sales

January 7, 2021


Walgreens Boots Alliance reported Thursday fiscal first-quarter earnings that exceeded Wall Street’s expectations, helped by stronger-than-expected pharmacy sales.

Walgreens shares were up about 3% in premarket trading.

Here’s what Walgreens reported compared with what analysts were expecting for the first quarter ended Nov. 30, based on Refinitiv data:

  • Earnings per share: $1.22 cents, adjusted vs. $1.03 expected
  • Revenue: $36.31 billion vs. $34.95 billion expected

In the first quarter, Walgreens posted net loss of $308 million, or 36 cents per share, compared with a net income of $845 million, or 95 cents per share, a year earlier.

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