Investing.com - Walgreens Boots (NASDAQ:WBA) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.47 on revenue of $34.59B. Analysts polled by Investing.com forecast EPS of $1.44 on revenue of $34.45B. That compared to EPS of $1.53 on revenue of $34.33B in the same period a year earlier. The company had reported EPS of $1.64 on revenue of $34.53B in the previous quarter.
Walgreens Boots shares gained 4.93% to trade at $54.98 in intra-day trade following the report.
Walgreens Boots shares gained 4.93% to trade at $54.98 in intra-day trade following the report.
For the year, Walgreens Boots shares are down 19.54%, under-performing the S&P 500 which is up 18.25% year to date.
Walgreens Boots follows other major Services sector earnings this month
On Thursday, May 30, 2019, Costco reported second quarter EPS of $1.89 on revenue of $34.74B, compared to forecasts of EPS of $1.83 on revenue of $34.71B.
Dollar General earnings beat analyst's expectations on Thursday, May 30, 2019, with first quarter EPS of $1.48 on revenue of $6.62B. Investing.com analysts expected EPS of $1.39 on revenue of $6.57B
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