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

Market news

9 July 2020

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

Walgreens Boots Alliance (WBA) reported Q3 FY 2020 earnings of $0.83 per share (versus $1.47 per share in Q3 FY 2019), missing analysts’ consensus estimate of $1.22 per share.

The company’s quarterly revenues amounted to $34.631 bln (+0.1% y/y), generally in line with analysts’ consensus estimate of $34.318 bln.

The company also issued downside guidance for FY 2020, projecting EPS of $4.65-4.75 versus analysts’ consensus estimate of $5.49.

WBA fell to $40.36 (-4.56%) in pre-market trading.

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