desktop...

Overcast
36°FOvercastFull Forecast

Walgreen profit falls, as expected

Walgreen 4Q profit falls 55 pct, tops forecasts

Published: Friday, Sept. 28, 2012 11:00 p.m. CST

Walgreen Co.’s fourth quarter net income fell 55 percent compared with last year when a big gain inflated results for the nation’s largest drugstore chain.

A business split that drove away customers and a multibillion-dollar overseas expansion also put a sizeable dent in the Deerfield, Ill., company’s earnings.

Walgreen said Friday it earned $353 million, or 39 cents a share, in this year’s quarter. That compares to $792 million, or 87 cents a share, a year ago.

 

National video



Reader Poll

Should the U.S. government retaliate for the computer hack attack by North Korea against Sony?
Yes
No