(Bloomberg) — Walgreens Boots Alliance Inc. reported worse-than-expected results for the third quarter, saying it plans to cut 4,000 jobs and suspend share buybacks as it wrestles with the effects of the coronavirus pandemic on it business.The drugstore giant posted a loss of $1.71 billion, or $1.95 a share. On an adjusted basis, earnings per share came to 83 cents. Analysts surveyed by Bloomberg expected adjusted earnings of $1.19 a share.Key InsightsDrugstores are seeing rapid shifts in U.S. consumer behavior driven by Covid-19. People rushed to stock up on prescriptions and toilet paper in March. Sales were essentially flat compared …read more
Source:: Yahoo Finance
