{"id":182571,"date":"2023-10-12T15:39:45","date_gmt":"2023-10-12T15:39:45","guid":{"rendered":"https:\/\/precoinnews.com\/?p=182571"},"modified":"2023-10-12T15:39:45","modified_gmt":"2023-10-12T15:39:45","slug":"walgreens-boots-alliance-rises-despite-earnings-miss","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/walgreens-boots-alliance-rises-despite-earnings-miss\/","title":{"rendered":"Walgreens Boots Alliance Rises Despite Earnings Miss"},"content":{"rendered":"
Shares of Walgreens Boots Alliance, Inc. (WBA) are climbing more than 3% Thursday morning in spite of its quarterly earnings missing the Street view.<\/p>\n
Net loss in the fourth quarter was $180 million or $0.21 per share compared with net loss of $415 million or $0.48 per share in the year-ago quarter.<\/p>\n
Excluding one-time items, the company reported earnings of $0.67 per share, that missed the average estimate of analysts polled by Thomson-Reuters of $0.69 per share.<\/p>\n
Sales for the quarter increased 9.2 percent year-over-year to $35.422 billion. The consensus estimate was for $34.78 billion.<\/p>\n
For the full year, the company expects sales to be in the range of $141 billion to $145 billion. Adjusted EPS to be $3.20-$3.50.<\/p>\n
Analysts expect the company to report earnings of $3.72 per share on revenue of $144.24 billion for the year.<\/p>\n
WBA is at $23.66 currently. It has traded in the range of $20.58 – $42.29 in the last 1 year. <\/p>\n