Strong Prescription Sales Help as Walgreen Profit Rises 25%
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CHICAGO, Sept. 25  &#151; The Walgreen Company, the drugstore chain, posted a 25 percent increase in quarterly profit on Monday driven by strong sales of prescription medications, but its shares declined as earnings before unusual items fell short of expectations.
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Walgreen Co. (WAG.N: Quote, Profile, Research) , the top US drugstore chain, on Monday said quarterly profit rose 18.1 percent on strong sales of prescription drugs, digital photo
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Walgreen Co.  on Monday posted a 9.3 percent rise in sales at stores open at least a year in November as sales of prescription medications rose despite the $4 generic plan in place at Wal-Mart Stores Inc.  and other low-priced chains.
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Walgreen Co. WAG.N, the largest U.S.   drugstore chain by revenue, on Tuesday posted a 10.6 percent   rise in sales at stores open at least a year in August, driven   by higher sales of prescription drugs.
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Helped by sales of generic drugs, the pharmacy benefit manager lifted its full-year profit forecast, sending its shares higher.
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Strong drug sales provide a dose of good medicine for this pharmaceutical company.
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CVS Corp. , the No. 2 U.S.  drugstore chain, posted a 2.7 percent rise in quarterly profit  on Thursday, driven by strong sales of prescription medications  and greater use of generic drugs, which are more profitable for  pharmacies.
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Medco Health Solutions Inc  on Tuesday posted higher-than-expected quarterly earnings, helped by sales of generic drugs, and the pharmacy benefit manager boosted its full-year profit forecast.
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Stocks rose on Monday as stronger-than-expected profits in the pharmaceutical sector and news of a takeover in the oil services industry fueled a rebound from Friday's sell-off.
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Walgreen says its fiscal fourth-quarter earnings topped forecasts, rising 18 percent on higher prescription sales at stores open at least one year.
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German drugs and chemicals group Merck&#39;s third-quarter operating profit rose by a forecast-beating 42 percent, helped by strong sales of cancer drug Erbitux and liquid crystals for flat screen televisions.
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Drugmaker Forest Laboratories Inc.  posted a 34 percent rise in quarterly profit on Tuesday, beating Wall Street estimates, helped by strong sales of its Alzheimer's disease medicine.
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Walgreen Co  reported a better-than-expected rise in quarterly profit on Friday as cost controls offset weak sales of flu medications and a recall of cold medicines, sending the drugstore chain's shares up 7 percent.
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PORTLAND, Ore. Sept. 20, 2004 - Nike Inc. reported a better-than-expected 25 percent increase in first-quarter profits on Monday, helped by solid domestic and international sales.
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Walgreen Co , one of the  largest U.S. drugstore operators, posted higher quarterly  profit on Friday, helped by higher sales and cost controls.
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Walgreen Co. WAG.N, the top U.S.  drugstore chain, on Monday said quarterly profit rose 18.1  percent due to rising prescription demand and strong sales from  its highly profitable nonpharmacy segment, including digital  photo processing.
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Walgreen Co.  posted a 19.6 percent rise in quarterly profit on Monday, boosted by new stores and an inventory credit, but its shares slipped as the large drugstore chain failed to deliver the stellar growth it had produced in the previous three quarters.