Why Walgreens' Earnings Plunged in Q3

Walgreens Boots Alliance (NASDAQ: WBA) beat Wall Street's estimates with the fiscal 2020 second-quarter results it reported in April. However, the pharmacy giant warned at the time that the COVID-19 pandemic could impact its performance during the rest of the year.

That warning turned out to be on target. Walgreens announced its fiscal third-quarter results before the market opened on Thursday, and they were disappointing. Here are the highlights from the update.

Image source: Getty Images.

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Source Fool.com