Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Walgreen fiscal 2Q profit slides nearly 8 percent

Send a link to a friend

[March 27, 2012]  (AP) -- Drugstore operator Walgreen Co. says its fiscal second-quarter earnings fell almost 8 percent due in part to its decision to leave the Express Scripts pharmacy network and a slow flu season.

HardwareThe nation's largest drugstore chain says its net income fell to $683 million, or 78 cents per share, in the three months that ended Feb. 29. That is down from $739 million, or 80 cents per share, a year ago.

Revenue climbed less than 1 percent to $18.65 billion.

Analysts forecast earnings of 77 cents per share on $18.57 billion in revenue.

Its shares climbed $1.25, or 3.6 percent, to $35.62 in premarket trading.

Express Scripts is a pharmacy benefits manager that paid Walgreen to fill prescriptions. The companies let a contract between them expire at the end of last year.

[Associated Press]

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Recent articles

Back to top


 

News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor