Web Sify
Follow us on
Mail
Print

Walgreen fiscal 2Q profit

Source : AP
Last Updated: Tue, Mar 19, 2013 12:45 hrs

-quarter earnings climbed 11 percent, helped by earnings from European health and beauty retailer Alliance Boots and a business sale gain.

The Deerfield, Ill., company says it earned $756 million, or 79 cents per share, in the quarter that ended Feb. 28. That compares to earnings of $683 million, or 78 cents per share, in last year's quarter.

Adjusted earnings totaled 96 cents per share.

Revenue came in flat at $18.65 billion.

Analysts forecast earnings of 93 cents per share on $18.74 billion in revenue.

Walgreen Co. also says it is expanding a supply agreement with AmerisourceBergen Corp. with a deal that gives the nation's largest drugstore chain an ownership stake in the pharmaceutical wholesaler.

Walgreen also acquired an Alliance Boots stake last year.




More from Sify:
blog comments powered by Disqus
most popular on facebook
talking point on sify finance