7/9/2020, 1:09 PM (Source: TeleTrader)
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Walgreens Q3 revenue at $34.6B, up 0.1% YoY

Walgreens Boots Alliance Inc reported on Thursday the revenue of $34.6 billion in the third quarter of 2020, increasing 0.1% compared to the same period last year.

The Chicago-based holding company also confirmed its net loss landed at $1.7 billion, contrasting the net earnings of $1.0 billion in the same trimester a year ago, while its net loss per share stood at $1.95 in comparison to the net earnings per share of $1.13 at the same time in 2019.

"I'm very proud of how all of our teams mobilized and adapted to deliver essential services in our communities across the world. Shopping patterns are evolving more rapidly than ever as consumers further embrace digital options, spurring us to accelerate our ongoing investments in digital transformation and neighborhood health destinations," the company's chief executive officer (CEO) Stefano Pessina said.

Walgreens Boots Alliance's shares traded lower in the premarket by 3.33% at 7:21 am ET.

Breaking the News / JR