Shares of Walgreens Boots Alliance Inc. WBA, -1.70% slumped 2.3% in premarket trade Thursday, after the drug store chain beat fiscal fourth-quarter profit expectations but fell shy on sales. Net income rose to $1.51 billion, or $1.55 a share, from $802 million, or 76 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.48, above the FactSet consensus of $1.45. Sales increased to $33.44 billion from $30.15 billion, missing the FactSet consensus of $33.84 billion, as retail pharmacy USA sales growth of 14.4% to $25.5 billion was just below the FactSet consensus of $25.6 billion and pharmaceutical wholesale sales growth of 2.3% to $5.6 billion missed expectations of $5.8 billion. For fiscal 2019, the company expects adjusted EPS of $6.40 to $6.70, compared with the FactSet consensus of $6.43. The stock has rallied 13.6% over the past three months, while the Dow Jones Industrial Average DJIA, -3.15% has gained 3.6%.
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