Walgreens Boots Stock Plunges After Q3 Earnings - Here's Why
Portfolio Pulse from Vandana Singh
Walgreens Boots Alliance's Q3 FY23 sales increased 8.6% Y/Y to $35.4 billion, beating consensus estimates. However, adjusted EPS of $1.00 missed the consensus of $1.07. The company lowered its FY23 adjusted EPS guidance to $4.00-$4.05 from the previous $4.45 - $4.65.
June 27, 2023 | 11:54 am
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Walgreens Boots Alliance's Q3 sales beat estimates, but adjusted EPS missed consensus. The company lowered its FY23 adjusted EPS guidance, causing the stock to plunge.
Walgreens Boots Alliance reported Q3 sales that beat estimates, but the adjusted EPS missed consensus expectations. The company also lowered its FY23 adjusted EPS guidance, which is likely to negatively impact investor sentiment and cause the stock price to decline in the short term.
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