Filed under: Earnings Reports, Wal-Mart (WMT), Walgreen Co (WAG), CVS Corp (CVS), Rite Aid Corp (RAD)
Walgreen Company (WAG), a drugstore entity whose major competitors are CVS Caremark (CVS), Rite Aid (RAD), and Wal-Mart Stores, Inc. (WMT), reported second-quarter data earlier today; they weren’t too thrilling, to be completely honest.
On a reported basis, net income increased three pennies to 68 cents per share. On an adjusted basis, earnings came out to 70 cents per share (this would be after adding back the two pennies dedicated to restructuring charges). Estimates called for 71 cents per share. Poor Walgreen just couldn’t keep up with the analysts this time around.
Continue reading Walgreen Company Reports a Not-So-Compelling Second Quarter
Walgreen Company Reports a Not-So-Compelling Second Quarter originally appeared on BloggingStocks on Tue, 23 Mar 2010 16:20:00 EST. Please see our terms for use of feeds.
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