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Walgreens Boots Earnings, Revenue miss in Q2


© Reuters.

Investing.com – Walgreens Boots (NASDAQ:) reported second quarter that missed analysts’ expectations on Tuesday and revenue that fell short of forecasts.

The firm reported earnings per share of $1.64 on revenue of $34.53B. Analysts polled by Investing.com anticipated EPS of $1.72 on revenue of $34.56B. That compared to EPS of $1.73 on revenue of $33.02B in the same period a year earlier. The company had reported EPS of $1.46 on revenue of $33.79B in the previous quarter.

Walgreens Boots shares lost 12.15% to trade at $55.78 in intra-day trade following the report.

For the year, Walgreens Boots shares are down 18.37%, under-performing the which is up 20.91% year to date.

Walgreens Boots follows other major Services sector earnings this month

On March 13, Pinduoduo reported first quarter EPS of $-2.16 on revenue of $5.65B, compared to forecasts of EPS of $-1.5 on revenue of $5.22B.

Costco earnings beat analyst’s expectations on March 7, with second quarter EPS of $2.01 on revenue of $35.4B. Investing.com analysts expected EPS of $1.69 on revenue of $35.65B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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