LATEST

    If I buy BBIG stock now, will I get TYDE dividend?

    June 28, 2022

    GameStop posts Q1 FY22 results; beats revenue estimates

    June 1, 2022

    Snowflake reports Q1 results; Stock plunges due to narrow outlook

    May 26, 2022

    Vinco Ventures stock sinks after it delays Cryptyde spinoff

    May 25, 2022

    Enochian Biosciences (ENOB) stock crashes 40%

    May 25, 2022
    Legal
    Privacy Policy
    Cookie Policy
    Terms and Conditions
    Twitter Facebook Instagram YouTube LinkedIn
    Facebook Twitter Instagram YouTube LinkedIn
    Rising CandleRising Candle
    • Home
    • Market News

      Vinco Ventures stock sinks after it delays Cryptyde spinoff

      May 25, 2022

      Enochian Biosciences (ENOB) stock crashes 40%

      May 25, 2022

      Sea Ltd (SE) stock gains over 10% on strong earnings

      May 17, 2022

      Alibaba (BABA) stock soars after JPMorgan raises Chinese tech stock ratings

      May 17, 2022

      Cornerstone (CLM) stock gains after right offering closure

      May 16, 2022
    • Earnings
    • Business

      If I buy BBIG stock now, will I get TYDE dividend?

      June 28, 2022

      Wendy’s shares surge as potential takeover deal mulls

      May 25, 2022

      Snapchat (SNAP) crashes 30% after CEO warns missing EPS and revenue estimates

      May 24, 2022

      SIGA technologies (SIGA) stock gains as monkeypox cases rise

      May 23, 2022

      Elon Musk puts the Twitter deal “temporarily on hold”; but still committed to acquire

      May 13, 2022
    • Cryptocurrency
    • Forex
    Rising CandleRising Candle
    Home » Walgreens stock gains after strong quarterly results
    Earnings

    Walgreens stock gains after strong quarterly results

    Kritika MehtaBy Kritika MehtaJanuary 6, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Walgreen Boots Alliance (NASDAQ: WBA) released its first-quarter earnings report for FY22 on January 6, 2021 before the market opened. It reported strong results and therefore the WBA stock gained considerably during the pre-market session today.

    The stock had gained by 3.35% and was priced at $55.81 (up 1.81 points) at 7:27 a.m. The market capitalization stood at $46.7 billion. The share prices kept on surging thereafter. Yesterday, the share prices gained by 0.97% and closed at $54.

    Financial Highlights
    • First quarter earnings per share (EPS*) from continuing operations was $4.13, compared with a loss of $0.45 in the year-ago quarter; continuing operations adjusted** EPS increased to $1.68, up 53.1 percent on a constant currency basis
    • First quarter sales from continuing operations increased 7.8 percent to $33.9 billion, up 7.6 percent on a constant currency basis
    • First quarter operating income from continuing operations increased to $1.3 billion, compared with a loss of $535 million in the year-ago quarter; adjusted operating income from continuing operations increased to $1.8 billion, up 48.5 percent on a constant currency basis
    • VillageMD and Shields majority investments closed on November 24th and October 29th, respectively
    Analysts Expectations vs. Results

    The Zacks Consensus Estimate for earnings per share was pegged at $1.35. However, the company smashed it with a record earnings of $4.13 per share. The revenue estimate was $33.01 billion and Walgreens beat that as well with a revenue of $33.9 billion.

    Future Outlook
    • Increasing full year adjusted EPS guidance to low-single digit growth, from flat previously, to reflect first quarter performance and continued positive momentum; now includes 2 percentage point impact from incremental investments in team members
    • Outlook continues to include 4 percentage point negative impact from previously planned healthcare investments
    CEO’s Statement

    “First quarter results exceeded our expectations, with a very encouraging performance across all our business segments. I am particularly excited about the progress we’re making in building out Walgreens Health. Our majority investments in VillageMD and Shields closed during the quarter, and we’re rolling out VillageMD primary care co-locations and Walgreens Health Corners at pace. The strong start to the fiscal year reinforces our confidence in the future, and as a result, we are raising our guidance for the full year and increasing investments in our people. Looking ahead, we are well positioned for sustainable, long-term value creation.”

    -said Rosalind Brewer, Chief Executive Officer of Walgreens Boots Alliance.
    Walgreens Walgreens Boots Alliance Earnings Walgreens Boots Alliance q1 Earnings WBA stock
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Kritika Mehta

    Related Posts

    GameStop posts Q1 FY22 results; beats revenue estimates

    June 1, 2022

    Snowflake reports Q1 results; Stock plunges due to narrow outlook

    May 26, 2022

    Vinco Ventures stock sinks after it delays Cryptyde spinoff

    May 25, 2022

    Enochian Biosciences (ENOB) stock crashes 40%

    May 25, 2022
    Add A Comment

    Comments are closed.

    Trending

    GameStop posts Q1 FY22 results; beats revenue estimates

    June 1, 2022

    Snowflake reports Q1 results; Stock plunges due to narrow outlook

    May 26, 2022

    Wendy’s shares surge as potential takeover deal mulls

    May 25, 2022

    Snapchat (SNAP) crashes 30% after CEO warns missing EPS and revenue estimates

    May 24, 2022

    Vinco Ventures (BBIG) announces Q1 results; revenue up 349%

    May 24, 2022

    Subscribe to Updates

    Get the latest Business and Finance news only at Investor's pulse

    Advertisement
    Editor's Picks

    AMC named ‘100 Most Influential Companies of 2022’ by Time Magazine

    March 31, 2022

    BuzzFeed released first earnings report after going public; revenue grew 24% YOY

    March 22, 2022

    U.S. jobless claims dip to a 2.5-month low

    March 17, 2022

    FOMC: Recent updates you need to know!

    March 17, 2022

    Your source for the latest US stock market and business news.

    Connect with us:

    Facebook Twitter Instagram YouTube LinkedIn Reddit

    Subscribe to Updates

    Subscribe to get weekly updates on what happened on the Stock Market and insights into where to invest.

    Legal
    Privacy Policy
    Cookie Policy
    Terms and Conditions
    © 2022 Investor's Pulse. All Rights Reserved.
    • Home

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Do not sell my personal information.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT
    Go to mobile version