BUZZ-Walgreens rises on beating Q1 profit estimates

Updates

Shares of pharmacy chain operator Walgreens Boots Alliance WBA.O rise 15% to $10.61 premarket

Co beats lowered first quarter adj. profit estimates as it benefits from CEO Tim Wentworth's efforts to turn around its business

Co reports adj. profit of 51 cents per share, beating estimates of 37 cents, as per LSEG data

Co maintains 2025 adj. profit forecast of $1.40 to $1.80 per share

Co reports Q1 sales of $30.9 bln in its U.S. retail pharmacy unit, beating estimates of $29.10 bln, as per data compiled by LSEG

Shares of the company were down 18.1% in the past six months and the stock was the worst performer on the S&P 500 index in 2024

Up to last close, stock had fallen 64% in the past 12 months

(Reporting by Sneha S K)

((Sneha.SK@thomsonreuters.com;))