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Walgreen Q4 Profit Soars 86%

Walgreen Company (NYSE: WAG), the largest drug store chain in the U.S. said on Tuesday that fiscal fourth quarter earnings soared 86%. Results were boosted by its acquisition of a beauty retailer Alliance Boots. For the latest period ended Aug. 31, the Deerfield Ill; based drug store chain reported a net income of $657 million or 69 cents a share compared to a profit of $353 million or 39 cents a share. Revenue jumped 5% to $17.94 billion. On adjusted basis earnings stood at 73 cents a share. Analysts had expected earnings of 72 cents a share on revenue of $17.96 billion.


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