Walgreens Boots Profits Up, First-Quarter Revenue Not Satisfactory

Investing.com – Walgreens Boots (NASDAQ:WBA) on Thursday reported first-quarter earnings that beat analysts’ expectations, while revenue fell short of forecasts.

The company reported earnings per share of $1.46 on revenue of $33.79 billion. Analysts polled by Investing.com forecast EPS of $1.43 on revenue of $33.82 billion. This compares to EPS of $0.81 on revenue of $30.74 billion in the same period a year earlier. The company reported EPS of $1.48 on revenue of $33.44 billion in the year-ago quarter.

Walgreens Boots shares have gained 0.92% this year, outperforming the S&P 500, which has fallen 6.59% year to date.

Walgreens Boots tracks performance of other major services sectors this month

On December 13, Costco reported first-quarter EPS of $1.61 on revenue of $35.07 billion, compared to forecasts for EPS of $1.62 on revenue of $37.57 billion.

On November 27, Alimentation Couchen A earnings beat analysts’ expectations, with second-quarter EPS of $0.84 on revenue of $14.70 billion. Investing.com analysts were expecting EPS of $0.83 on revenue of $11.498 million.

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