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Benzinga
221 days

Walgreens Boots Alliance Stock Jumps On Better Than Expected Q1 Earnings, Sticks To Annual Profit Forecast

1. WBA's Q1 sales were $39.46 billion, exceeding estimates by $2.18 billion. 2. Adjusted EPS was $0.51, outperforming the consensus of $0.37. 3. Pharmacy sales rose by 10.4%, driven by drug price inflation. 4. U.S. Retail saw a decrease in sales, impacted by weak flu season. 5. Future growth expected in U.S. Healthcare, but U.S. Retail faces challenges.

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FAQ

Why Bullish?

WBA's strong sales exceed forecasts, indicating better-than-expected performance.

How important is it?

Quarterly earnings directly influence stock price; positive performance could attract investors.

Why Short Term?

Immediate positive market reaction expected, based on quarterly performance.

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