U.S. drugstore chain operator Walgreens Boots Alliance Inc. (WBA) reported on Thursday second-quarter earnings above analysts’ expectations as consumers stock up on over-the-counter medicine, prescriptions, cleaning and hygiene products.Walgreens said that the impact from the coronavirus pandemic began at the end of the second quarter and was not “material” to overall results. Looking ahead Walgreens cautioned that to date the company was not in a “position to accurately forecast the future impacts.”In the second quarter ended Feb. 29, Walgreens net income fell to $946 million, or $1.07 per share, from $1.16 billion, or $1.24 per share, in the year earlier period. Walgreens posted adjusted EPS of $1.52, beating the EPS of $1.46 analysts were expecting.Revenue grew to $35.82 billion, from $34.53 billion last year versus the $35.27 billion analysts expected. U.S. retail pharmacy sales rose 3.8% to $27.2 billion in the quarter from the same period a year ago.Wall Street analysts...
Jeffrey Kleintop, Charles Schwab Chief Global Investment Strategist, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss the coronavirus impact on the economy....
Tesla (NASDAQ: TSLA) CEO Elon Musk's rocket company SpaceX is banning employees from using video conferencing app Zoom Video Communications (NASDAQ: ZM), citing "significant privacy and security concerns," Reuters reported Wednesday. On Monday, the New York Times reported that the office of the New York Attorney General is probing Zoom's data privacy and security practices.In a letter to Zoom, the AG's office asked the telecommunications company what security measures it has taken in light of the increased traffic on its network, according to the Times.Zoom Video shares were down 10.44% at $122.70 at the time of publication Thursday. The stock has a 52-week high of $164.94 and a 52-week low of $59.94.Related Links:Zoom Shares Drop As New York Attorney General Looks Into Company's Privacy, Security PracticesZoom Video Falls Despite Q4 Earnings Beat, Strong GuidancePhoto courtesy of SpaceX. See more from Benzinga * Why Zoom Video's Stock Is Trading Higher Today *...
As if the health concerns from the coronavirus crisis weren’t enough, advocates are warning that senior citizens also are facing a web of other worries as the global pandemic continues to worsen....
