NEW YORK (
is rallying Wednesday morning, after reporting a 19% jump in first-quarter profit.
During the quarter the drug store chain earned $580 million, or 62 cents per share, compared with $489 million, or 49 cents, in the year-ago period. Revenue rose 6% to $17.34 billion from $16.36 billion.
Analysts were calling for a profit of 54 cents per share on revenue of $17.31 billion.
Shares of Walgreen are gaining 4.4% to $38.44 in pre-market trading.
-- Written by Jeanine Poggi in New York.
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