Investing - Drugstore operator Walgreens, which agreed to buy smaller rival Rite Aid on Tuesday, reported better-than-expected quarterly net sales on Wednesday.
Net income was $26 million, or 2 cents per share in the fourth quarter after a loss of $221 million, or 23 cents per share, a year earlier.
Net sales rose 49.7% to $28.52 billion, boosted by the acquisition of Europe's Alliance Boots in December. Analysts had forecast sales of $28.45 billion.