Walgreens results top estimates as drugstore chain works to slash costs

1. Walgreens earnings beat expectations, posting 51 cents adjusted EPS vs. 37 cents expected. 2. Revenue reached $39.46 billion, surpassing $37.36 billion forecast, despite a net loss. 3. The company plans to close 1,200 stores over three years, impacting operational costs. 4. Healthcare segment sales rose above expectations, benefiting from VillageMD and specialty services. 5. Walgreens is in talks for potential sale to private equity firm Sycamore Partners.