How To Earn $500 A Month From Walgreens Boots Alliance Stock After Weak Earnings
Portfolio Pulse from Lisa Levin
Walgreens Boots Alliance Inc (NASDAQ:WBA) reported weaker-than-expected earnings for its fourth quarter, with adjusted EPS decreasing 18% to $0.67, missing the consensus of $0.69. However, the company's quarterly sales increased 9.2% YoY to $35.4 billion, beating the consensus of $34.82 billion. The company also provided lower-than-expected guidance for fiscal year 2024. Despite the weak earnings, the company's dividend yield of 7.94% may attract investors seeking income.
October 13, 2023 | 12:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Walgreens Boots Alliance reported weaker-than-expected Q4 earnings and provided lower-than-expected guidance for FY2024. However, its high dividend yield may attract income investors.
The weaker-than-expected earnings and lower-than-expected guidance for FY2024 are negative for the company's stock. However, the high dividend yield may provide some support to the stock as it may attract income investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100