Walgreens Boots Alliance (WBA) Reports In-Line Q1 EPS

Walgreens Boots Alliance (NASDAQ: WBA) reported Q1 EPS of $1.10, in-line with the analyst estimate of $1.10. Revenue for the quarter came in at $28.5 billion versus the consensus estimate of $29.33 billion.

GUIDANCE:

Walgreens Boots Alliance sees FY2017 EPS of $4.90-$5.20, versus the consensus of $5.01.

Executive Vice Chairman and CEO Stefano Pessina said, “Overall we are pleased with the progress this quarter, with results in line with our expectations. We continue to anticipate that growth in the second half of fiscal 2017 will reflect the new strategic pharmacy partnerships we announced last year. As a result, we have raised the lower end of our fiscal year guidance by 5 cents per share. In addition, we continue to work toward closing the pending acquisition of Rite Aid Corporation in the early part of this calendar year.”

For earnings history and earnings-related data on Walgreens Boots Alliance (WBA) click here.

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