WBA - Crude Oil Moves Lower; Walgreens Posts Upbeat Earnings | Benzinga
U.S. stocks traded mixed toward the end of trading, with the Dow Jones index gaining over 100 points on Thursday.
The Dow traded up 0.33% to 37,554.56 while the NASDAQ fell 0.10% to 14,578.04. The S&P 500 also rose, gaining, 0.09% to 4,708.93.
Check This Out: How To Earn $500 A Month From Constellation Brands Stock Ahead Of Q3 Earnings Report
Leading and Lagging Sectors
Health care shares rose by 0.8% on Thursday.
In trading on Thursday, energy shares fell by 1%.
Top Headline
Walgreens Boots Alliance Inc (NASDAQ: WBA) posted upbeat earnings for its first quarter, but lowered its quarterly dividend.
Walgreens said quarterly sales increased 10% Y/Y to $36.7 billion, up 8.7% on a constant currency basis, beating the consensus of $34.86 billion. Adjusted EPS decreased 43.1% to $0.66, beating the consensus of $0.61, according to data from Benzinga Pro.
Walgreens reduced its quarterly dividends by 48% to 25 cents per share, payable on March 12, 2024, to stockholders of record as of February 20, 2024.
Equities Trading UP
Dyne Therapeutics, Inc. (NASDAQ: DYN) shares shot up 27% to $18.71. Dyne Therapeutics announced an underwritten public offering of $175 million of common stock.
Shares of Omega Therapeutics, Inc. (NASDAQ: OMGA) got a boost, surging 106% to $5.63 after Novo Nordisk entered into a research collaboration with the company.