Walgreens Beneficial properties On Revised Steering, Outcomes Topping Estimates By Investing.com
By Dhirendra Tripathi
Investing.com – Walgreens (NASDAQ:) shares have been up almost 3% in Wednesday’s premarket, boosted by the corporate’s guiding revenue expectations increased, in addition to by earnings for the three months via February that beat estimates.
The corporate raised its revenue steerage to mid-to-high single-digit progress in fixed foreign money for fiscal 2021. Earlier steerage was for low single-digit progress.
The pharmacy chain stated its revised steerage displays first-half efficiency above expectations and anticipated sturdy progress within the second half of the fiscal yr.
Merchants appeared to acknowledge the corporate’s cost-saving measures too. Walgreens stated it’s on monitor to ship in extra of $2 billion in annual value financial savings by fiscal 2022.
The pharmacy chain introduced earnings per share of $1.4 on income of $32.78 billion within the second quarter earlier. Analysts polled by Investing.com anticipated EPS of $1.13 on income of $36.49 billion.
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