Walgreens Boots Alliance Inc. said its normalized net income for the fiscal second quarter ended Feb. 28 amounted to 82 cents per share, compared with the S&P Capital IQ consensus estimate of 95 cents per share.
EPS rose 9.0% year over year from 75 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $867.0 million, a gain of 19.3% from $726.6 million in the prior-year period.
The normalized profit margin fell to 3.3% from 3.7% in the year-earlier period.
Total revenue grew 35.5% year over year to $26.57 billion from $19.61 billion, and total operating expenses rose 35.5% on an annual basis to $25.10 billion from $18.52 billion.
Reported net income rose on an annual basis to $2.04 billion, or $1.93 per share, from $713.1 million, or 74 cents per share.
