WBA - Dow Falls 50 Points; Walgreens Posts Downbeat Earnings | Benzinga
U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 50 points on Thursday.
The Dow traded down 0.16% to 33,752.37 while the NASDAQ rose 0.20% to 13,687.19. The S&P 500 also fell, dropping, 0.02% to 4,376.26.
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Leading and Lagging Sectors
Energy shares surged by 0.8% on Thursday.
In trading on Thursday, consumer staples shares fell by 0.5%.
Top Headline
Walgreens Boots Alliance Inc (NASDAQ: WBA) reported weaker-than-expected earnings for its fourth quarter on Thursday.
The company’s quarterly sales increased 9.2% Y/Y to $35.4 billion, up 8.3% on a constant currency basis, beating the consensus of $34.82 billion. Adjusted EPS decreased 18% to $0.67, reflecting a 23.5% headwind from significantly lower COVID-19 vaccine and testing volumes, missing the consensus of $0.69.
Walgreens Boots Alliance said it sees FY24 adjusted EPS of $3.20-$3.50 compared to the consensus Of $3.73, and down from $3.98 in FY23. It expects FY24 sales of $141 billion-$145 billion versus the consensus of $144.36 billion.
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