What's Going On With Walgreens Shares Today?

Walgreens Boots Alliance Inc WBA was initially trading higher, but is now trading lower after the company announced better-than-expected first-quarter fiscal 2022 financial results and increased full-year guidance. 

Walgreens reported quarterly earnings of $1.68 per share, which beat the estimate of $1.33 per share. The company reported quarterly revenue of $33.9 billion, which beat the estimate of $32.74 billion.

Walgreens also increased its full-year adjusted earnings guidance. The company now expects "low-single digit growth, from flat previously."

"The strong start to the fiscal year reinforces our confidence in the future, and as a result, we are raising our guidance for the full year and increasing investments in our people. Looking ahead, we are well positioned for sustainable, long-term value creation," said Rosalind Brewer, CEO of Walgreens.

Related Link: Walgreens Boots Alliance: Q1 Earnings Insights

WBA Price Action: Walgreens has traded as low as $40.77 and as high as $57.05 over a 52-week period.

The stock was down 1.22% at $53.34 at time of publication.

Photo: Mike Mozart from Flickr.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceMoversTrading IdeasRosalind Brewerwhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!