5 Companies in The Limelight After Releasing Their Financial Results

1. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Number of Hedge Fund Holders: 42

Share of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) plunged to a nearly 15-month low in the early trading session on Friday despite the company beating profit and sales expectations for its fiscal second quarter.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) reported adjusted earnings of $1.59 per share, compared to $1.26 per share in the same period last year. Analysts were looking for earnings of $1.38 per share.

Revenue for the quarter increased 3% on a year-over-year basis to $33.8 billion, topping expectations of $33.36 billion. Walgreens Boots Alliance, Inc. (NASDAQ:WBA) also released its region-wise sales performance. Revenue from the U.S inched up 1.2% to $27.7 billion, while international revenue rose 2.6% to $5.6 billion in the quarter.

Among other updates, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) reported that it administered 11.8 million coronavirus vaccines in the second quarter, well below the 15.6 million figure from the prior quarter.

Discussing the latest financial results, CEO Rosalind Brewer said:

“We continue to make important strides along our strategic priorities, building a consumer-centric, technology-enabled healthcare enterprise at the center of local communities. VillageMD and Shields are delivering tremendous pro forma sales growth compared to their year-ago standalone results, and our Walgreens Health segment is on track toward long-term targets.”

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