Walgreen First-Quarter Profit Rises 19%; Shares Climb
This article is for subscribers only.
Walgreen Co., the largest U.S. drugstore chain, reported a 19 percent increase in first-quarter profit, surpassing analysts’ projections and pushing the shares up the most in almost three months.
Walgreen said today that net income advanced to 62 cents a share, beating the 54-cent average of estimates compiled by Bloomberg. Prescription sales, which generated about two-thirds of total revenue, climbed 5.3 percent.