Investing.com - Walgreens Boots (NASDAQ:WBA) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Walgreens Boots announced earnings per share of $1.52 on revenue of $35.82B. Analysts polled by Investing.com anticipated EPS of $1.46 on revenue of $35.27B. That with comparison to EPS of $1.64 on revenue of $34.53B in the same period a year before. Walgreens Boots had reported EPS of $1.37 on revenue of $34.34B in the previous quarter. Analysts are expecting EPS of $1.53 and revenue of $35.51B in the upcoming quarter.
Walgreens Boots shares are down 27.02% from the beginning of the year , still down 33.29% from its 52 week high of $64.50 set on November 5, 2019. They are under-performing the Nasdaq which is down 18.57% year to date.
Walgreens Boots shares gained 2.49% in pre-market trade following the report.
Walgreens Boots follows other major Services sector earnings this month
Walgreens Boots's report follows an earnings beat by Pinduoduo on March 11, who reported EPS of $-1.52 on revenue of $10.79B, compared to forecasts EPS of $-1.88 on revenue of $11.04B.
Costco had beat expectations on March 5 with second quarter EPS of $2.1 on revenue of $39.07B, compared to forecast for EPS of $2.06 on revenue of $38.21B.
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