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;))
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