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Walgreen 4Q EPS Tops Views, Revenue Misses

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  • Description

    FBN’s Robert Gray breaks down the stories moving the markets ahead of the trading day.

  • Duration 1:20
  • Date

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Thank you very much Jeff for that's come -- -- Eight minutes after the hour let's go to Robert -- once again in our newsroom he has all the business headlines that we're following this morning Robert.

A kind of good morning -- Walgreen now with earnings in their trading lower in the premarket.

After reporting a lower quarterly profit compared to a year ago -- customers went elsewhere.

The drugstore chain says -- made an adjusted profit of 63 cents a share and that excludes acquisition related costs it calls related to inventory.

Yesterday it was 456 cents.

Revenue of just over seventeen billion dollars just miss the forecast for seventeen point fourteen billion.

The 5% drop in sales also reflects a Walgreens did not fill prescriptions for customers -- use Express Scripts pharmacy benefit plans.

Because the companies did not agree on a new contract.

Meanwhile shares of finish line though are moving higher on backed up about 10% in early trading.

The latest quarterly earnings topped expectations the footwear retailers reporting a profit of 49 cents a share.

That's a nickel above the estimate revenue totaled 385 million bucks -- to the estimate of 358.

Million.

-- -- also raised its full year outlook and announced he'll become the exclusive partner of athletics use for Macy's.

Both in store and online all right Ronald Reagan back to you.

Yet -- better than you know like that I write -- -- -- thank you Robert is.

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