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A man walks near a Walgreens pharmacy on March 09, 2023 in New York City.
Leonardo Munoz | Corbis News | Getty Images
Walgreens Boots Alliance on Tuesday said its quarterly profit declined more than 20%, driven by sharply lower Covid vaccine volumes and test sales compared to last winter, when the Covid Omicron variant surge drove strong demand.
Revenue, however, came in higher than Wall Street’s expectations, rising 3.3% year over year.
Here are Walgreens’ results for the quarter ended Feb. 28, compared to estimates from analysts polled by Refinitiv:
- Earnings per share: $1.16, adjusted, vs. $1.10 expected
- Revenue: $34.86 billion, vs. $33.53 billion expected
The drugstore chain and health…
Source cnbc.com
