Walgreens Boots Alliance Down 5% Following Q2 Earnings

Shares of pharma company Walgreens Boots Alliance, Inc. (WBA) are trading down 5 percent on Thursday's trading after the company posted lower second-quarter earnings in spite of it beating the Street view.

The company's bottom line came in at $883 million, or $1.02 per share. This compares with $1.03 billion, or $1.19 per share, in last year's second quarter.

Excluding items, the company reported adjusted earnings of $1.38 billion or $1.59 per share for the period. Analysts on average had expected the company to earn $1.40 per share, according to figures compiled by Thomson Reuters.

The company's second-quarter revenue rose 3 percent to $33.76 billion from $32.78 billion last year.

Currently at $44.85, the stock has traded between $43.62 and $57.05 during the past 52 weeks.

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