Walgreens Boots Alliance Raises Lower End Of FY18 Adj. EPS Guidance

(RTTNews) - Walgreens Boots Alliance, Inc. (WBA) raised the lower end of its guidance for fiscal year 2018 by 5 cents per share and now anticipates adjusted net earnings per share of $5.90 to $6.05. The guidance assumes current exchange rates for the rest of the fiscal year.

For the third-quarter, adjusted net earnings per share increased 15.0 percent to $1.53, up 13.5 percent on a constant currency basis, compared with the same quarter a year ago. Sales in the third quarter were $34.3 billion, an increase of 14.0 percent from the year-ago quarter, and an increase of 11.8 percent on a constant currency basis.

The company's board of directors has authorized a $10 billion share repurchase program and declared a quarterly dividend of 44 cents per share, an increase of 10 percent.