Walgreens Boots (WBA) Q1 Earnings Lag Estimates, Margins Fall
Walgreens Boots Alliance (WBA) came out with quarterly earnings of $1.37 per share, missing the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -2.14%. A quarter ago, it was expected that this largest U.S. drugstore chain would post earnings of $1.41 per share when it actually produced earnings of $1.43, delivering a surprise of 1.42%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Walgreens, which belongs to the Zacks Retail - Pharmacies and Drug Stores industry, posted revenues of $34.34 billion for the quarter ended November 2019, missing the Zacks Consensus Estimate by 0.84%. This compares to year-ago revenues of $33.79 billion.
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