Walgreens Boots Alliance, Inc. Q2 Profit Decreases, but beats estimates

Walgreens Boots Alliance, Inc. (WBA) released earnings for second quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $703 million, or $0.81 per share. This compares with $883 million, or $1.02 per share, in last year's second quarter.

Excluding items, Walgreens Boots Alliance, Inc. reported adjusted earnings of $1.00 billion or $1.16 per share for the period.

Analysts on average had expected the company to earn $1.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.3% to $34.86 billion from $33.76 billion last year.

Walgreens Boots Alliance, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $703 Mln. vs. $883 Mln. last year.
-EPS (Q2): $0.81 vs. $1.02 last year.
-Analyst Estimates: $1.10
-Revenue (Q2): $34.86 Bln vs. $33.76 Bln last year.

Full year EPS guidance: $4.45 to $4.65

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