Walgreen Q1 Profit Up on Generic Drug Sales
3rd Jan 2006, 18:30 GMT
Walgreen, the nation's biggest drugstore chain by sales, said today that profit increased 5 percent in its fiscal first quarter, helped by higher generic drug sales. The drugstore chain earned US$345.6 million, or 34 cents per share, in the three months ended Nov. 30, up from $328.6 million, or 32 cents per share, a year ago. Excluding stock options expensing, Walgreen said it would have earned 36 cents per share. Conquer I.T. complexities. Simplify and save, with IBM Express.
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