Walgreens Stock Jumps as Sales Grow, Adjusted Earnings Surpass Estimates

Key TakeawaysWalgreens shares jumped Friday morning after the retailer recorded better sales and adjusted profits than analysts had expected.Revenue rose from last year, while the company recorded a larger net loss than expected as it starts a turnaround plan that includes closing 1,200 stores over the next three years.The pharmacy retailer's stock was the worst-performing stock in the S&P 500 last year, losing over 60% of its value. Shares of Walgreens Boots Alliance (WBA) rose Friday morning after the pha ...