28 JUN

Walgreens beats, hikes its dividend, and announces a $10 billion share buyback program (WBA)

WalgreensWikicommons

  • Walgreens Boots Alliance beat on both the top and bottom lines.
  • The company hiked its dividend and announced a $ 10 bilion share buyback program.

(Reuters) – Walgreens Boots Alliance Inc’s third-quarter profit beat analysts’ expectations on Thursday, benefiting from its acquisition of Rite Aid Corp stores, and the drugstore chain authorized a $ 10 billion share buyback program.

Walgreens scrapped its deal to buy Rite Aid outright last year after failing to win antitrust approval, and said it would instead buy some of the smaller rival’s U.S. stores.

See the rest of the story at Business Insider

NOW WATCH: The world is running out of sand — and there’s a black market for it now

See Also:

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Related Posts '

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.