Walgreens tops estimates as drugstore chain cuts costs, prepares to go private
1. Walgreens exceeded fiscal Q2 earnings and revenue expectations. 2. Adjusted EPS was 63 cents, surpassing 53 cents expected. 3. Revenue reached $38.59 billion, above the $38 billion forecast. 4. The company is transitioning to private ownership by Sycamore Partners. 5. Deal closure is anticipated in the fourth quarter of this year.