» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 35 | NO. 38 | Friday, September 23, 2011




Walgreen fiscal 4th-qtr profit jumps 69 percent

Print | Front Page | Email this story

DEERFIELD, Ill. (AP) — Drugstore operator Walgreen Co. says its fiscal fourth-quarter profit jumped 69 percent, boosted in part by a gain from the sale of its pharmacy benefits management business.

The Deerfield, Ill., company says it earned $792 million, or 87 cents per share, in the quarter that ended Aug. 31. A year ago, it earned $470 million, or 49 cents per share. Revenue for this year's quarter climbed more than 6 percent to nearly $18 billion. Adjusted earnings were 57 cents per share, excluding the business sale gain and other one-time items.

Analysts expected, on average, earnings per share of 55 cents for the quarter.

Walgreen is the largest drugstore chain in the United States with more than 7,700 stores.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0