Walgreens swings to a profit

Walgreens Boots Alliance Inc.
WBA,
1.19%

shares rose 2.8% in Thursday premarket trading after the pharmacy retailer swung to a fiscal third-quarter profit. Net income totaled $1.197 billion, or $1.38 per share, after a loss of $1.708 billion, or $1.95 per share, last year. Adjusted EPS of $1.51 beat the FactSet consensus for $1.16. Sales of $34.03 billion were up from $30.36 billion and also ahead of the FactSet consensus for $33.49 billion. Walgreens raised its fiscal 2021 adjusted EPS guidance to mid-to-high single digit growth to 10% growth, on a constant currency basis. The company also completed the sale of the Alliance Healthcare pharmacy business to AmerisourceBergen Corp.
ABC,
0.04%
.
Walgreens has administered more than 25 million COVID vaccinations to date. Walgreens stock has gained 32% for the year to date while the S&P 500 index
SPX,
0.13%

is up 14.4% for the period.