Walgreen Company (NYSE: WAG) reported Q3 EPS of $0.91, $0.03 worse than the analyst estimate of $0.94. Revenue for the quarter came in at $19.4 billion versus the consensus estimate of $19.33 billion.

Comps rose 4.8 percent.

Update on Walgreens-Alliance Boots transaction

Walgreens board of directors is moving forward toward consideration of the second step in the Walgreens-Alliance Boots strategic transaction, including determination of timing and structure, combined management teams, cost reduction initiatives and potential changes in the company’s future capital structure.

“(Executive Chairman of Alliance Boots GmbH) Stefano Pessina and I are working hard to realize our joint vision for exercising step two of the Walgreens-Alliance Boots strategic transaction for consideration by the Walgreens board of directors,” said Wasson. “We are working through complex issues in planning for step two, and we are taking the appropriate time to come to the right resolution for the combined enterprise.”

As a result of the many step two considerations and current business performance, the company is withdrawing its fiscal year 2016 goals that were previously announced in 2012. Specifically, once key decisions have been made on the above matters, Walgreens anticipates being in a position to hold an investor call, which is expected to occur by late July or early August. At that time, the company expects to provide a new set of goals and metrics for the proposed combined enterprise for fiscal year 2016.

For earnings history and earnings-related data on Walgreen Company (WAG) click here.