logo
Plus   Neg
Share
Email

Walgreens Boots Alliance Raises Lower End Of FY18 Adj. EPS Guidance

Walgreens Boots Alliance, Inc. (WBA) raised the lower end of its guidance for fiscal year 2018 by 5 cents per share and now anticipates adjusted net earnings per share of $5.90 to $6.05. The guidance assumes current exchange rates for the rest of the fiscal year.

For the third-quarter, adjusted net earnings per share increased 15.0 percent to $1.53, up 13.5 percent on a constant currency basis, compared with the same quarter a year ago. Sales in the third quarter were $34.3 billion, an increase of 14.0 percent from the year-ago quarter, and an increase of 11.8 percent on a constant currency basis.

The company's board of directors has authorized a $10 billion share repurchase program and declared a quarterly dividend of 44 cents per share, an increase of 10 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Car rental company Hertz Global Holdings Inc. and biometric technology company CLEAR announced the introduction of biometric ID technology for car rentals. "Hertz Fast Lane powered by CLEAR" is a new service that allows travellers at airports to use fingerprint scanners and facial recognition technology to collect a rental car, instead of showing a physical ID. The recent massive cyber-attack on hotel chain Marriott International Inc. was part of a Chinese intelligence-gathering effort, the New York Times reported Tuesday, citing two people briefed on the investigation. The data breach affected about 500 million guests of the hotel chain. According to the NYT report, the hackers are suspected of working on behalf of the Ministry of State Security. Verizon Communications Inc. said that about 10,400 employees, or nearly 7 percent of its workforce, have accepted the company's voluntary buyout offer that was first announced in September. The voluntary buyout program is part of Verizon's efforts to cut costs and trim its workforce as it focuses on optimizing growth opportunities in 5G network service.
Follow RTT