Walgreens Boots Alliance Inc reports results for the quarter ended May 31 - Earnings Summary

• Walgreens Boots Alliance Inc WBA.OQ reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 28 cents to 42 cents per share.

• Revenue rose 7.2% to $38.99 billion from a year ago; analysts expected $36.84 billion.

• Walgreens Boots Alliance Inc's reported EPS for the quarter was a loss of 20 cents​.

• The company reported a quarterly loss of $175 million.

• Walgreens Boots Alliance Inc shares had risen by 1.3% this quarter and gained 21.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the drug retailers peer group is "buy."

This summary was machine generated from LSEG data June 26 at 12:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)