Walgreen profit jumps, sees expansion
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Walgreen Co., the top US drugstore chain, said Monday its 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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The drugstore chain said that quarterly profit more than doubled, helped by lower costs for store closings and labor.
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Wal-Mart reported a better-than-expected 9.8 percent increase in fourth-quarter profit yesterday, helped by new strategy and cost-control measures at its flagship U.S. stores division.
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Johnson & Johnson  on Tuesday said second-quarter profit rose on higher sales of medical devices and prescription drugs, beating Wall Street expectations on especially strong demand in overseas markets.
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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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Eli Lilly and Co. LLY.N on Thursday  said its third-quarter earnings rose as growing demand for its  medicines offset higher spending to market recently approved  treatments.
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Wal-Mart Stores Inc., the world&#39;s largest retailer, met Wall Street expectations with a 12.7 percent rise in its third-quarter earnings Tuesday and bumped up its own projection for the full year&#39;s profit.
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Third-quarter profit rose 15 percent to $1.28 billion as premium and fee growth in its Medicaid business helped offset lower enrollment in employer-sponsored programs.
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WellPoint Health Networks Inc. WLP.N,  the No. 2 health insurer by enrollment in the U.S., on Monday  posted a steep rise in quarterly profit as it kept health  premiums above rising medical costs and added new members.
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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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Wal-Mart Stores Inc.  posted higher-than-expected quarterly profit on Tuesday after the world's biggest retailer cut prices on hot items like toys and electronics to lure customers during the holiday shopping season.
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Walgreen Co. increased its fourth-quarter profits by 18 percent despite slower growth in prescription drug sales industrywide, taking market share from competitors as it gains ground on the biggest US retailers.
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Walgreen Co. , one of the largest U.S. drugstore chains, posted a higher quarterly profit on Monday, boosted by new stores and an inventory credit.
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Wal-Mart&#39;s (WMT:NYSE - news - research) third-quarter earnings rose 13% from a year ago, boosted by double-digit revenue gains in its international segment and tight cost controls.
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No. 1 U.S. drugstore chain Walgreen  Co.  on Tuesday said sales at stores open at least a  year rose 8.5 percent in September, helped by strong pharmacy  sales.
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Health insurer UnitedHealth Group Inc. said Tuesday its fourth-quarter earnings climbed 3 percent, as growth in prescription services and Medicaid plans offset a smaller profit in its core health coverage division.
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Walgreen Co. (WAG.N: Quote, Profile, Research) , the top US drugstore chain, on Monday said quarterly profit rose 18 percent on strong sales of prescription drugs