Walgreens tops 3Q expectations, hikes dividend
Walgreens Boots Alliance Inc.’s fiscal third-quarter earnings jumped more than 15 percent and beat Wall Street expectations despite flat sales from the drugstore chain’s U.S. pharmacies. The newest component of the Dow Jones industrial average also said Thursday that its board authorized a $10 billion stock buyback, and that it was raising the lower end of its earnings forecast for fiscal 2018 by 5 cents per share. For the three months ended May 31, Walgreens earned $1.34 billion, up from $1.16 billion a year earlier.
Source:: https://finance.yahoo.com/news/walgreens-fiscal-3q-earnings-snapshot-111433641.html
