Walgreens stock drops toward 11-year low after profit miss, slashed full-year outlook

South Africa News News

Walgreens stock drops toward 11-year low after profit miss, slashed full-year outlook
South Africa Latest News,South Africa Headlines
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Shares of Walgreens Boots Alliance Inc. sank 6.1% toward an 11-year low in premarket trading Tuesday, after the drug store chain and health care services...

Shares of Walgreens Boots Alliance Inc. WBA sank 6.1% toward an 11-year low in premarket trading Tuesday, after the drug store chain and health care services company reported fiscal third-quarter profit that missed expectations and slashed its full-year outlook, citing “challenging consumer and macroeconomic conditions, and lower COVID-19 vaccine and testing volumes.

1% toward an 11-year low in premarket trading Tuesday, after the drug store chain and health care services company reported fiscal third-quarter profit that missed expectations and slashed its full-year outlook, citing “challenging consumer and macroeconomic conditions, and lower COVID-19 vaccine and testing volumes.” Net income for the quarter to May 31 fell to $118 million, or 14 cents a share, from $289 million, or 33 cents a share, in the year-ago period.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sunnyvale: Man dies after crashing car into WalgreensTwo passengers were injured in the fiery crash early Sunday off El Camino Real.
Read more »

Walgreens slashes earnings guidance due to lower consumer spending, drop in Covid care demandCEO Rosalind Brewer said Walgreens will increase its cost-cutting program to $4.1 billion and take action to increase profitability in the health-care segment.
Read more »

Jagged Alliance 3 Reveals More Story In Latest TrailerJagged Alliance 3 Reveals More Story In Latest TrailerCheck out the most recent trailer that THQ Nordic released for Jagged Alliance 3, as we get a better idea of the story to come.
Read more »

Don’t expect a US-India alliance anytime soon — if everIndian Prime Minister Narendra Modi was a bonafide rocket star during his trip to Washington, D.C., last week.
Read more »

The Untold Story of the High Schoolers Behind the First Gender Sexuality Alliance“[Students] went from coming to school and sitting on their own in the mornings to having this huge group spanning three different tables by the cafeterias. They've gone from not wanting to come to school to excited every day.”
Read more »

Sienna Miller Is Wearing Her Signature Noughties Boots at GlastonburyInstead of the boho aesthetic SiennaMiller has previously leaned on for Glastonbury, she went for a more rodeo-ready look this year.
Read more »



Render Time: 2025-03-01 23:13:05