NEW YORK (MarketWatch) - Walgreen Co. (WAG) reported its fourth-quarter profit rose to $657 million, or 69 cents a share, from $353 million, or 39 cents a share, a year earlier. Adjusted per-share earnings totaled 73 cents per share, up from 63 cents a year ago. Revenue rose to $17.9 billion, from $17.1 billion a year earlier, while same-store sales increased by 4.6%, the retail company said Tuesday. Analysts had expected earnings of 72 cents per share on revenue of $17.96 billion, according to FactSet. The company attributed its profit growth to strong sales in its pharmacy business, as well as a focus on cost control. Shares in Walgreen were up 0.9% in premarket trading.
-Ben Eisen; 415-439-6400; AskNewswires@dowjones.com
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10-01-13 0748ETCopyright (c) 2013 Dow Jones & Company, Inc.
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