Company news: Walgreens Boots Alliance’s (WBA) quarterly results strongly beat analysts’ estimates

Walgreens Boots Alliance (WBA) reported Q2 FY2024 earnings of $1.20 per share (versus $1.16 per share in Q2 FY2023), strongly beating analysts’ consensus estimate of $0.82 per share.

The company’s quarterly revenues amounted to $37.052 bln (+6.3% y/y), strongly beating analysts’ consensus estimate of $35.863 bln.

The company also narrowed its FY2024 EPS guidance to $3.20-3.35 from previously guided $3.20-3.50 versus analysts’ consensus estimate of $3.24.

WBA fell to $20.71 (-1.47%) in pre-market trading.