Why Walgreens' Earnings Plunged in Q3

Why Walgreens' Earnings Plunged in Q3

Walgreens Boots Alliance (NASDAQ: WBA) beat Wall Street's estimates with the fiscal 2020 second-quarter results it reported in April. Walgreens announced its fiscal third-quarter results before the market opened on Thursday, and they were disappointing. For the quarter that ended May 31, Walgreens revenue was $34.63 billion, a minuscule 0.1% increase from the $34.59 billion reported in the same quarter of the previous year.