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WBA
Benzinga
14 days

Nasdaq Down Over 2%; Walgreens Posts Upbeat Results

1. WBA reported Q1 sales of $39.46 billion, exceeding expectations by $2.18 billion. 2. Adjusted EPS was 51 cents, surpassing consensus estimates of 37 cents. 3. Despite sales growth, EPS decreased from 66 cents a year ago, raising concerns. 4. Healthcare sector remains resilient amidst a broader market decline. 5. U.S. nonfarm payrolls exceeded expectations, indicating economic strength.

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FAQ

Why Bullish?

WBA's revenue beat reflects strong performance, supporting share prices despite EPS decline.

How important is it?

Earnings reports significantly influence stock prices; WBA's solid results can affect trading positively.

Why Short Term?

Positive quarterly results could drive immediate investor sentiment but not guarantee long-term sustainability.

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