Walgreens Boots (WBA) Rallies as Results, Guidance Top Analyst Views

Shares of Walgreens Boots Alliance (NASDAQ: WBA) are trading over 5% higher in pre-market Thursday after the company reported a solid set of results for its fourth fiscal quarter.

WBA delivered EPS of $0.80 on sales of $32.4 billion to beat the analyst consensus of $0.77 on revenue of $32.07 billion. Sales fell 5.3% compared to the same period last year, driven by a drop of over 7% in both the United States and International business units.

On the guidance front, Walgreens Boots Alliance sees full-year EPS between $4.45 and $4.65, with the midpoint of the provided range higher than the consensus of $4.53.

“Strong core business growth is more than offset by lapping fiscal year 2022 COVID-19 execution, and currency headwinds,” WBA added in a press release.

By Senad Karaahmetovic

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