FONT-SIZE Plus   Neg

Walgreen Posts Lower Q2 Profit - Quick Facts

Walgreen Co. (WAG) reported a decline in its second-quarter net earnings to $683 million or $0.78 per share from $739 million or $0.80 per share a year ago. On average, 23 analysts polled by Thomson Reuters expected earnings per share of $0.77 for the quarter. Analysts' estimates typically exclude one-time items.

The company said this year's results benefited from one extra day versus last year because of leap year. Compared with last year, the mild cough/cold and flu season impacted net earnings per share by 3 cents, while the effect of no longer being part of the Express Scripts, Inc. pharmacy provider network as of January 1, 2012, impacted results by 7 cents per share.

Quarterly sales went up 0.8 percent to $18.65 billion from prior-year quarter's $18.50 billion, whereas 20 analysts estimated revenues of $18.52 billion for the quarter. Front-end comparable store sales rose 2.1 percent in the second quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Microsoft's (MSFT) office assistant Cortana for iOS beta has arrived, but only 2000 people will be able to test the virtual assistant. Apple confirmed that it has bought face animation software firm Faceshift, although it was tight lipped about how it intends to use the new addition. The move is speculated as a bid to expand into virtual reality. Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016.
comments powered by Disqus
Follow RTT