Why Walgreens Shares Are Rising Today

Walgreens Boots Alliance Inc (NASDAQ: WBA) is buying and selling considerably greater Thursday after the corporate introduced better-than-expected fourth-quarter fiscal 2021 monetary outcomes. 

Walgreens reported quarterly earnings of $1.17 per share, which beat the estimate of $1.02 per share. The corporate reported quarterly income of $34.3 billion, which beat the estimate of $33.3 billion.

“Our fourth quarter and monetary yr outcomes exceeded expectations, pushed by robust efficiency in our core enterprise. Comparable U.S. pharmacy and retail gross sales each noticed sturdy progress and restoration continued in our UK enterprise as COVID-19 restrictions eased within the quarter,” stated Roz Brewer, CEO of Walgreens. 

Walgreens additionally introduced a new consumer-centric healthcare technique to drive sustainable, long-term worthwhile progress.

The plan options the launch of Walgreens Well being, a brand new enterprise phase enabled by investments in VillageMD and CareCentrix, accelerating the corporate’s capabilities in main care, post-acute care and residential care.

WBA Worth Motion: Walgreens has traded as excessive as $57.05 and as little as $33.36 over a 52-week interval.

The inventory was up 7.89% at $50.99 at time of publication.

Photograph: Mike Mozart from Flickr.

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