Wednesday, July 6, 2016

Walgreens Raises Lower End Of FY16 Adj. EPS Guidance; Q3 Profit Beats Estimates

Walgreens Boots Alliance, Inc. (WBA) raised the lower end of its guidance for fiscal year 2016 by 10 cents per share and now anticipates adjusted net earnings per share attributable to company of $4.45 to $4.55. In April, the company projected its fiscal 2016 earnings to be in a range of $4.35 to $4.55 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $4.49. Analysts' estimates typically exclude special items. The company noted that the guidance assumes no impact from the proposed acquisition of Rite Aid and related financing, and assumes current exchange rates for the rest of the fiscal year.

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