UPDATE: Walgreen Posts Rise In FQ1 Profit
Walgreen Co (NYSE: WAG) reported a rise in its fiscal first-quarter profit.
Walgreen's quarterly profit surged to $695 million, or $0.72 per share, versus a year-ago profit of $413 million or $0.43 per share. Its adjusted earnings came in at $0.72 per share.
Its net sales climbed to $18.33 billion from $17.32 billion. However, analysts were expecting earnings of $0.72 per share on sales of $18.36 billion.
Walgreen shares gained 1.86% to $58.00 in pre-market trading.
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