Walgreens Q4 earnings beat; stock tanks on sales miss

Benefitting from strong pharmacy sales in the US, earnings of drugstore chain Walgreens Boots (WBA) rose sharply and topped Wall Street estimates in the August quarter. Meanwhile, the company’s stock plunged in premarket trading Thursday after sales missed expectations, despite a 10% increase. Earnings, adjusted for non-recurring items, increased 13% year-over-year to $1.48 per share, … Continue reading Walgreens Q4 earnings beat; stock tanks on sales miss