Don't rush to buy shares because you think they are at a discount. They're not, but they will be soon. On the surface, it appears the earnings release was successful. The top and bottom lines increased, but not enough to satisfy Wall Street.
Walgreen delivered 85 cents per share in adjusted earnings vs. 72 cents in the same period last year. Investors wanted to see at least 91 cents on the bottom line.(RAD) responded positively at the open, but within the first half hour of trading was more or less unchanged.
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