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Walgreens Boots Alliance's stock rises 3% on 6% sales increase, surpassing analyst estimates.
Walgreens Boots Alliance's stock surged over 3% on the back of encouraging quarterly results, which included a 6% increase in sales and a double beat of consensus analyst estimates.
The company recorded $37.05 billion in sales, with the U.S. retail pharmacy segment bringing in $28.86 billion.
Walgreens has lowered the higher end of its full-year adjusted earnings guidance, due to a challenging macroeconomy, but remains focused on improving profitability.
13 months ago
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