Walgreens Stock Surges on Earnings Beat [Yahoo! Finance News]
AmerisourceBergen Corporation (ABC)
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Source: Yahoo! Finance News
Text sizeWalgreens reported quarterly earnings that blew past analyst expectations, sending shares up almost 5%.Joe Raedle/Getty ImagesThe drugstore behemothWalgreens Boots AllianceWalgreens (ticker: WBA)reported adjusted earningsThat’s the company’s biggest earnings beat in years, and a hopeful sign for a stock that has fallen 38.5% over the past two years, a period in which theS&P 500“Our first quarter results exceeded expectations as we continue to deliver on our strategic priorities,” the company’s CEO, Stefano Pessina,said in a statementThe earnings report comes a day after Walgreensannounced the $6.5 billion saleAmerisourceBergenNewsletter Sign-upU.S. Daily RoundupGet a summary of the latest online exclusive coverage from Barron's including daily columns, features on investing ideas and more.SUBSCRIBEAlso on Wednesday,Walgreens said that the primary-care clinic network VillageMD“Coupled with yesterday’s announcement regarding the divestiture of the wholesale business, along with
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