NEW YORK (TheStreet) -- Shares of Walgreen Co. (WAG) are higher by 2.33% to $76 in pre-market trading on Tuesday, after the company reported a year-over-year increase in its fiscal 2015 first quarter earnings results, which came in above analysts' estimates.
For the most recent quarter the retail drug store chain posted adjusted first quarter earnings of 81 cents per diluted share, a 12.5% increase over the fiscal 2014 first quarter.
Analysts were expecting earnings of 75 cents per share for the quarter.
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Sales for the latest quarter grew by 6.7% to $19.6 billion, over the year ago period.
Analysts had forecast for revenue of 19.5 billion for the fiscal 2015 first quarter.
Walgreens said its earnings results were due to "solid performance across both our pharmacy and retail products businesses."