Company News: Walgreens Boots Alliance (WBA) quarterly earnings miss analysts’ estimate

Market news

2 April 2019

Company News: Walgreens Boots Alliance (WBA) quarterly earnings miss analysts’ estimate

Walgreens Boots Alliance (WBA) reported Q2 FY 2019 earnings of $1.64 per share (versus $1.73 in Q2 FY 2018), missing analysts’ consensus of $1.72.

The company’s quarterly revenues amounted to $34.528 bln (+4.6% y/y), generally in line with analysts’ consensus estimate of $34.567 bln.

The company also issued downside guidance for FY 2019, projecting EPS of $5.98 versus analysts’ consensus estimate of $6.38.

WBA fell to $58.22 (-8.33 %) in pre-market trading.

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