Shares of Walgreens Company (NYSE:
WAG) fell about 0.2% after the company reported a 5.6% rise in its May same-store sales. Walgreens total May sales jumped 7% to $6.08 billion. Analysts were expecting same-store sales to increase 4.9%. Walgreens' total front-end sales surged 5.5% in May, while comparable store front-end sales climbed 3.6%. Walgreens' May pharmacy sales surged 7.8%, while comparable pharmacy sales rose 6.7%.
Shares of American Woodmark Corporation (NASDAQ:
AMWDNWL) dropped about 13% after the company lowered its 2011 projections. Newell Rubbermaid now expects 2011 core sales growth in the range of 3% to 4%. The company now projects a full-year adjusted profit to be in the range of $1.60 to $1.67 per share, down its previous forecast of $1.67 to $1.70 per share. However, analysts expected 2011 earnings of $1.69 per share.
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