Walgreens Boots Alliance Inc. shares are down 5.7% in Thursday trading after the pharmacy chain announced what Leerink analysts call “largely mixed” first-quarter results. The company reported adjusted earnings per share of $1.28 and sales of $30.7 billion. The FactSet consensus was for EPS of $1.26 and sales of $30.4 billion. Shares had rallied higher in premarket on the earnings and sales beat. “Guidance was increased at the low end but ongoing reimbursement pressures and generic deflation hampered USA retail results,” wrote analysts led by David Larsen. Walgreens shares are down 14.2% for the last year while the S&P 500 index is up 20.1% for the period.
See also: Walgreens earnings driven by prescription volumes
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