DEERFIELD, Ill. (AP) — Walgreens Boots Alliance Inc. (WBA) on Thursday reported fiscal fourth-quarter net income of $627 million.
The Deerfield, Illinois-based company said it had net income of 72 cents per share. Earnings, adjusted for one-time gains and costs, were $1.17 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The largest U.S. drugstore chain posted revenue of $34.26 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $33.28 billion.
For the year, the company reported profit of $2.54 billion, or $2.93 per share. Revenue was reported as $132.51 billion.