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UPDATE: Walgreen Posts Rise In FQ1 Profit

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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.

Posted-In: profitEarnings News


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