Walgreens Boots Alliance (WBA.US), a pharmacy chain operator, is rising during today’s session as the firm reported adjusted quarterly profit of $1.02 per share (vs expected $0.96), down 28.7% from the same period last year. Revenue came in above forecasts too as it rose 2.3% to $34.7 billion against analysts’ estimates of $34.37 billion. The firm sees 2021 profit growth despite the pandemic - adjusted profits should grow in the “low single-digit” percentage range.
"Despite uncertainty amid the global COVID-19 pandemic, we are seeing gradual improvement in key U.S. and UK markets and continued strong performance in our wholesale business. I'm also encouraged by the accelerating growth in our e-commerce platforms,” CEO Stefano Pessina said.
Walgreens Boots Alliance (WBA.US) stock was getting a lift after market open. However, the price bounced off the downward trendline and a pullback occurred. Nevertheless, shares are still roughly 2.5% up. Source: xStation5
This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.