Joined Nov 11, 2007
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$WAG Posts a 55% Drop in Net Income

“Walgreen says its fiscal fourth quarter net income tumbled 55 percent compared to a year ago when the drugstore operator recorded a big gain from a business sale. Its adjusted earnings still trumped Wall Street expectations.

The nation’s largest drugstore chain says it earned $353 million, or 39 per share, in this year’s quarter. That’s down from $792 million, or 87 cents per share, a year ago.”

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