UPDATE: Walgreen Reports 30% Surge In FQ3 Profit

Walgreen Co

reported a 30% rise in its fiscal third-quarter profit on Tuesday. Walgreen's quarterly profit surged to $603 million, or $0.65 per share, from $463 million, or $0.47 per share, in the year-earlier period. Its sales increased to $18.37 billion from $17.2 billion. However, analysts were expecting earnings of $0.62 per share on sales of $18.38 billion. Walgreen shares dropped 1.73% to $44.40 in pre-market trading. Read more