Walgreen (WAG) Q2 Profit Jumps 10%; Results In Line
Tweet
Share
E-mail
Get Alerts WAG Hot Sheet
Price: $76.05 --0%
Financial Fact:
Net earnings per common share - diluted: 0.85
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Net earnings per common share - diluted: 0.85
Today's EPS Names:
BTTX, VAXX, ELYS, More
Join SI Premium – FREE
Walgreen Co. (NYSE: WAG) said Tuesday that its second-quarter earnings jumped 10 percent, boosted by strength in its prescription sales growth and a later onset of the cold and flu season.
The drugstore operator reported second-quarter earnings of $739 million or 80 cents per share, in line with the analyst estimate. During the same quarter last year, the company earned $669 million or 68 cents per share.
Revenue for Walgreen rose 9 percent to $18.5 billion in the three month period ended February 28, topping the market consensus of $18.39 billion. Prescription sales rose 4 percent at locations open at least one year.
“We had another very solid quarter with record sales and strong cash flow as we turn our business strategies into results,” said Walgreens President and CEO Greg Wasson. “Posting our third consecutive quarter of double-digit earnings per share growth, we're extremely focused on enhancing our full scope of services to become America's first choice for health and daily living needs.”
Shares of Walgreen are down 2.55 percent to $40.90 in premarket movement on Tuesday.
The drugstore operator reported second-quarter earnings of $739 million or 80 cents per share, in line with the analyst estimate. During the same quarter last year, the company earned $669 million or 68 cents per share.
Revenue for Walgreen rose 9 percent to $18.5 billion in the three month period ended February 28, topping the market consensus of $18.39 billion. Prescription sales rose 4 percent at locations open at least one year.
“We had another very solid quarter with record sales and strong cash flow as we turn our business strategies into results,” said Walgreens President and CEO Greg Wasson. “Posting our third consecutive quarter of double-digit earnings per share growth, we're extremely focused on enhancing our full scope of services to become America's first choice for health and daily living needs.”
Shares of Walgreen are down 2.55 percent to $40.90 in premarket movement on Tuesday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- Is the global equity rally broadening? UBS weighs in
Create E-mail Alert Related Categories
Corporate News, EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
