Why Walgreens Boots Alliance Shares Plunged Today
WBAWalgreens Boots Alliance(WBA) The Motley Fool·2024-06-28 03:50

Management continues to lower expectations. Shares of pharmacy Walgreens Boots Alliance (WBA -23.85%) fell as much as 25.4% in trading on Thursday after reporting fiscal third-quarter 2024 results. Shares are still down 24.7% at 3 p.m. ET. Weaker than expected results Management said revenue was up 2.6% to 36.4billion,andnetincomenearlytripledto36.4 billion, and net income nearly tripled to 344 million, or 0.40pershare.Thebigchangewasearningsguidanceforthefullyearbeingcutfromarangeof0.40 per share. The big change was earnings guidance for the full year being cut from a range of 3.20 to 3.35downtoarangeof3.35 down to a range of 2.80 t ...