Walgreens Shares Get Booted – WSJ

Walgreens Boots Alliance shareholders could use some tea and sympathy. Fiscal third-quarter sales of $33.6 billion actually grew slightly overall from a year earlier, but the effects of the coronavirus crushed profitability. The pharmacy giant reported a loss of $1.95 a share in the quarter ended May 31 compared with earnings of $1.13 a share a year earlier. The stock fell sharply on Thursday morning and has now dropped about 40% since joining the Dow Jones Industrial Average in 2018….

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