Real Money Stock of the Day Walgreens Boots Alliance (WBA) - Get Report posted weaker-than-expected second quarter earnings Tuesday and slashed its 2019 outlook, warning profits would be "roughly flat" from the previous year.
Walgreens said earnings for the three months ending in February, the company's fiscal second quarter, came in at $1.64 per share, down 5.4% from the same period last year and well shy of the Street consensus forecast of $1.73 per share. Group sales, Walgreens said, rose 4.6% to $34.5 billion and matched analysts' forecasts of $34.57 billion.
Looking into the whole of 2019, Walgreens said it sees "roughly flat" profits, markedly lower than that 7% to 12% growth if had predicted, thanks in part to falling generic drug prices.
Boeing's Still Looking for a Software Fix
The news comes weeks after a fatal airline crash in Ethiopia -- the second in six months of a 737 MAX jet.
"Safety is our first priority, and we will take a thorough and methodical approach to the development and testing of the update to ensure we take the time to get it right," Boeing said in a statement provided to TheStreet.
The airplane maker said it was continuing to work with the Federal Aviation Administration and other agencies to develop and certify its software update and training program it said will remedy problems with the new, high-tech aircraft.
"We are working to demonstrate that we have identified and appropriately addressed all certification requirements and will be submitting for FAA review once completed in the coming weeks."
Sallie Krawcheck on Equal Pay
Sallie Krawcheck says that closing the pay gap is easier than some companies might think.
"You go in, as a number of CEOs have done and you say, first of all, let's measure it because if you aren't measuring it, it's there," she told TheStreet. "Because our biases, women have them and men have them, too, about gender tend to be so powerful. So first of all you measure it, and then you wipe it out. What? Doesn't that mean that I'm going to make less money? If I'm paying these people, is it going to the bottom line? Yes."
Here's what Jim Cramer has to say.