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Walgreens shares jump after profit & discounds beat; guidance raised

Walgreens shares jump after profit & discounts beat; guidance raised. Shares of Walgreens Boots Alliance company WBA, -0.05% rallied 4.8% in premarket trade Wednesday, after the drugstore chain announced second-fiscal-quarter results which win expectations & lifted earnings guidance. Excluding nonrecurring items, adjusted earnings per share came to $1.73, above the FactSet consensus of $1.55.
Revenue grew to $33.02 bn from $29.45 billion, winning the FactSet consensus of $32.20 bn as domestic retail pharmacy & pharmaceutical wholesale discounts both rose above expectations. The Corporation lifted its 2018 adjusted EPS guidance range to $5.85 to $6.05 from $5.45 to $5.70. The stock has dropped 9.6% over the past 3 months out of Tuesday & 21.2% over the past twelve months, When the S&P 500 SPX, +0.06% has gained 10.8% over the past year.

Walgreens shares
Walgreens shares

BlackBerry wins profit estimates, shares jump

(Reuters) – BlackBerry Ltd win analysts’ profit estimates for its 4th quarter, & told it expects powerful billings at its high-margin Programming & services business for the complete year, sending its U.S.-listed shares up five % premarket. BlackBerry, that had about 3,500 enterprise customer orders in the quarter, expects total Corporation Programming & services billings development to be in “double-digits” in 2019.
The profit win was helped with higher margins on Programming & services sales. Excluding one-time items, the Waterloo, Ontario-based Corporation earned five cents per share. Net loss narrowed to $10 million, or six cents per share, in the 4th quarter ended Feb. 28, from $47 million, or ten cents per share, a year earlier.

 

BlackBerry
BlackBerry

China’s BYD warns profit to plunge on electric motorcar subsidy cuts, shares tumble

According to FILE PHOTO: Performers perform following to BYD’s hybrid electric vehicles ‘Yuan’ on a phase at BYD Dream cast conference in Beijing, China, April 11, 2016. The Corporation expects its first-quarter internet profit to slump 75.2-91.8 % from a year ago because of the subsidy cuts. That would put profits for the 3 months to March among fifty mn yuan ($7.96 million) & 150 mn yuan, against 605.8 mn yuan a year ago. BYD’s internet profit in 2017 fell 19.5 % to 4.07 bn yuan, roughly in line by preliminary figures launch final month.
In 2016, the firm’s internet profit had jumped nearly eighty percent.

 

 

 

collected by :Victor Alphen

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