Walgreen Company (WAG) Misses Q3 Estimates, Stock Tumbles

Mani

Published onJune 25, 2013

Updated on May 13, 2021

Pharmacy chain Walgreen Company (NYSE:WAG) missed analysts’ estimates, amid weak economy, lagging front-end sales and lower customer traffic.

Walgreen Company (NYSE:WAG) posted $624 million of earnings, or 65 cents per share, in the fiscal third quarter ended May 31, from $537 million, or 62 cents per share, a year earlier.

The drugstore chain said sales in the quarter ended May 31 rose 3.2 percent to $18.3 billion, on the back of an 8.7 percent increase in prescription volume. The quarterly...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Walgreen Company (WAG) Misses Q3 Estimates, Stock Tumbles

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