Investing.com - Walgreens Boots (NASDAQ:WBA) reported second quarter earnings that missed analyst's expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.64 on revenue of $34.53B. Analysts polled by Investing.com expected EPS of $1.72 on revenue of $34.56B. That compared to EPS of $1.73 on revenue of $33.02B in the same period a year earlier The company had reported EPS of $1.46 on revenue of $33.79B in the previous quarter.
Walgreens Boots shares lost 12.15% to trade at $55.78 in intra-day trade following the report.
For the year, Walgreens Boots shares are down 18.37%, under-performing the Nasdaq 100 which is up 20.91% year to date.
Walgreens Boots follows other major Services sector earnings this month
On Wednesday, March 13, 2019, Pinduoduo reported first quarter EPS of $-2.16 on revenue of $5.65B, compared to forecasts of EPS of $-1.5 on revenue of $5.22B.
Costco earnings beat analyst's expectations on Thursday, March 7, 2019, with second quarter EPS of $2.01 on revenue of $35.4B. Investing.com analysts expected EPS of $1.69 on revenue of $35.65B