A huge opioid settlement dragged Walgreens to a $3.7 billion loss in its fiscal first quarter, but the drugstore chain still beat Wall Street forecasts.
The company also reaffirmed its earnings forecast for the new year. Walgreens said Thursday, Jan. 5, 2023 that it recorded a $5.2-billion, after-tax charge in the quarter that ended November 30 for opioid-related litigation.
Drugstores were subject to claims that they should have realized they were filling too many opioid prescriptions. Walgreens Boots Alliance Inc. runs a network of around 13,000 drugstores globally. Most of its locations are in the United States. It’s stores also have become a growing source for care. Strong sales of cough, cold and flu products also helped in the most recent quarter, the company said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Opioid legal charge pushes Walgreens to $3.7B fiscal 1Q lossA huge opioid settlement dragged Walgreens to a $3.7 billion loss for the first quarter, but the drugstore chain still beat Wall Street forecasts. The company also reaffirmed its earnings forecast for the new year.
Baca lebih lajut »
Opioid settlement pushes Walgreens to a $3.7 billion loss in the first quarterLast month, Walgreens finalized a settlement with state and local governments to resolve opioid abuse lawsuits. Despite the legal charge, the company beat Wall Street forecasts.
Baca lebih lajut »
Stocks rise as Wall Street attempts rebound on second trading day of 2023Stock futures inched lower in overnight trading Tuesday after markets kicked off 2023 on a sour note.
Baca lebih lajut »
Netflix’s ‘Monster of Wall Street’ Is a Total Evisceration of Bernie Madoff'There’s more than enough censure to go around in 'Madoff: The Monster of Wall Street,' although all fingers eventually point squarely at Madoff, who even in a 2016 video deposition shows no remorse for the wreckage he caused,' writes nschager
Baca lebih lajut »
Stocks close higher, snap 2-day losing streak as Wall Street shakes off Fed minutesStocks closed higher Wednesday as investors looked past Fed meeting minutes that showed the central bank will remain aggressive in its policy to tame high inflation. The Dow gained 0.40%. The S&P 500 popped 0.75%. The Nasdaq rose 0.69%.
Baca lebih lajut »
Phoenix police handcuffed, detained Wall Street Journal reporterThe Wall Street Journal is demanding the Phoenix Police Department conduct an internal review and take action to ensure journalists’ rights are protected after one of its reporters was handcuffed and detained.
Baca lebih lajut »