Walgreen Co.'s fiscal second-quarter earnings fell almost 8 percent, knocked down largely by its exit from the Express Scripts pharmacy network, but the drugstore operator still topped analyst expectations, and its shares outperformed broader market indexes Tuesday.
By Tom Murphy|March 27, 2012 at 08:46 AM
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Walgreen Co.’s fiscal second-quarter earnings fell almost 8 percent, knocked down largely by its exit from the Express Scripts pharmacy network, but the drugstore operator still topped analyst expectations, and its shares outperformed broader market indexes Tuesday.
The nation’s largest drugstore chain said its split with Express Scripts, a St. Louis-based pharmacy benefits manager, hurt results by about 7 cents per share in the quarter that ended Feb. 29. A mild cold and flu season also affected earnings by about 3 cents per share.
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