Walgreen has shown and a 20% increase due from the increased level of prescription drugs and from flu shots. In premarket trading, Walgreen shares changed hands at $37.84, up from Friday's close of $36.64. Walgreen’s has proven to the market to be a stock to watch.
Holiday sales appeared to be low for Walgreens, but they continue to keep outlooks bright and promising. "Consumer concerns over high unemployment and the challenging economy were a drag on holiday sales at the end of November, and we've seen a similar pattern through mid-December," President and CEO Greg Wasson said in a statement.
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Walgreen’s earned $489 million, or 49 cents per share, up from $408 million, or 41 cents per share, a year prior. Revenue rose 9.5 percent to $16.36 billion from $14.95 billion. The fiscal 2010 first quarter ended in November and included 3 cents per share in restructuring costs.
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