DEERFIELD, Ill. (AP) - Walgreens Boots Alliance Inc. (WBA) on Wednesday reported fiscal fourth-quarter net income of $26 million, after reporting a loss in the same period a year earlier.
DEERFIELD, Ill. (AP) — Walgreens Boots Alliance Inc. (WBA) on Wednesday reported fiscal fourth-quarter net income of $26 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Deerfield, Illinois-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 88 cents per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The largest U.S. drugstore chain posted revenue of $28.52 billion in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $28.86 billion.
For the year, the company reported profit of $4.22 billion, or $4 per share. Revenue was reported as $103.44 billion.
Walgreens expects full-year earnings in the range of $4.25 to $4.55 per share.
Walgreens shares have risen 25 percent since the beginning of the year. The stock has risen 51 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WBA at http://www.zacks.com/ap/WBA
Keywords: Walgreens Boots Alliance, Earnings Report