Walgreens Boots Alliance Q3 earnings miss expectations, leading to stock decline and profit guidance reduction.

Walgreens Boots Alliance Q3 earnings miss expectations, stock falls 16%; company slashes profit guidance and plans to close a "substantial number" of underperforming U.S. stores due to a "challenging" environment for pharmacies and U.S. consumers. Walgreens now expects adjusted earnings of $2.80 to $2.95 per share in fiscal 2024, down from its previous outlook of $3.20 to $3.35. Shares plunge more than 14% after the company's earnings report.