Walgreens' second-quarter profit beats ahead of Sycamore Partners deal close
April 8 (Reuters) - Walgreens WBA.O, which is in the process of being taken private by Sycamore Partners, beat Wall Street estimates for quarterly profit on Tuesday as the pharmacy chain operator benefited from a turnaround effort that included closing underperforming stores.
On an adjusted basis, Walgreens earned 63 cents per share in the second quarter, compared with the average analyst estimate of 53 cents, according to data compiled by LSEG.
The company said it is withdrawing its fiscal 2025 forecast, pending the deal close.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Recommended Articles
Featured Tools
Top News
Intel Foundry Gains ‘High-Profile’ Customer, Tesla Becomes First Major Customer for 14A Technology

Anthropic Eclipses OpenAI in Secondary Market as Valuation Hits $1 Trillion Milestone, Is the AI Market Overheating Now?

Robinhood Stock Predictions: Can HOOD Reach the $1,000 Milestone?

Tesla Officially Announces. Third-Generation Humanoid Robot to Debut Mid-Year, Mass Production to Start in Third Quarter

Intel Better-Than-Expected Earnings Released, Stock Surges 20% After-Hours, AI Computing Power Enters CPU Moment?

Tradingkey








