New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 25, 2014
14:23 EDTWAG, RAD, CVSWalgreens climbs after reporting same-store sales gain, store closure plans
Shares of drug store owner Walgreens (WAG) are advancing despite the company reporting lower than expected profits as its revenue came in close to expectations and said its Alliance Boots synergies are tracking ahead of expectations. WHAT'S NEW: Walgreens reported earnings per share, excluding some items, of 91c for the second quarter of fiscal 2014, compared with analysts' consensus estimate of 93c. The retailer's Q2 revenue was $19.6B, in-line with the consensus estimate. Walgreens' same-store sales rose 4.3% last quarter. Moreover the company predicted that its fiscal 2016 revenue, including a contribution from Alliance Boots, would be over $130B. Walgreens has a 45% stake in Alliance Boots and has an option to acquire the rest of the European retailer in 2015. "Our second quarter performance, in spite of expected headwinds from slower generic drug introductions, comparisons with last year’s flu season and severe weather, was marked by solid top-line growth driven by record quarterly sales and record second-quarter prescriptions filled,” said Walgreens CEO Greg Wasson in a statement. “We also continued to gain prescription market share while we maintained a firm hold on our costs," Wasson added. Walgreens also announced that as part of its efforts to optimize the company’s asset base, it plans to close 76 drugstores during the second half of this fiscal year. Including these store closures, Walgreens still expects a net increase in its store count in fiscal 2014 of approximately 55-75 locations. PRICE ACTION: In mid-afternoon trading, Walgreens rose $1.75, or 2.72%, to $66.06. Other major U.S. drug store chains also climbed, with Rite Aid (RAD) adding 2.4% and CVS (CVS) gaining 0.6%.
News For WAG;CVS;RAD From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 31, 2015
10:43 EDTRAD, CVSLeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Larsen, along with Dan Steiber, a consultant with D2 Pharma Consulting and Philip Burgess, President of Philip Burgess Consulting, discuss the shifting dynamics within the drug retail space and specialty distribution on an Analyst/Industry conference call to be held on April 2 at 2 pm.
08:32 EDTCVSCVS Health announces new clinical affiliations with medical centers
CVS Health announced it has entered into new clinical affiliations with Rush University Medical Center in Chicago, Illinois and Tucson Medical Center in Tucson, Arizona and their accountable care organization, Arizona Connected Care. These affiliations will look to help enhance access to high-quality, affordable health care services for patients. Through these clinical affiliations, CVS Health will provide prescription and visit information to the participating providers through the integration of secured electronic health record systems, which will help enhance clinical care for patients served by these affiliates. In addition, patients will continue to have access to clinical support, medication counseling, chronic disease monitoring and wellness programs at CVS/pharmacy stores and MinuteClinic, the retail medical clinic of CVS Health.
March 30, 2015
16:00 EDTRADOptions Update; March 30, 2015
Subscribe for More Information
10:59 EDTCVSUnitedHealth in 'ring' with largest competitors after deal, say Piper Jaffray
Subscribe for More Information
05:56 EDTRADStocks with implied volatility above IV index mean; RAD AMD
Subscribe for More Information
March 27, 2015
16:01 EDTRADOptions Update; March 27, 2015
iPath S&P 500 VIX Short-Term Futures down 31c to 25.74 Option volume leaders: AAPL TSLA TWTR RAD FB PBR AMZN DOW VLO AMAT ALTR according to Track Data.
14:08 EDTRADRite Aid calls active as shares approach high
Subscribe for More Information
06:00 EDTRADRite Aid implied volatility of 65 at upper end of index
March 26, 2015
06:00 EDTRADRite Aid implied volatility of 64 at upper end of index
Subscribe for More Information
March 25, 2015
16:37 EDTCVSSpecialists On Call names Hammad Shah as CEO
Subscribe for More Information
11:45 EDTCVSLeerink healthcare tech/pharma analysts hold analyst/industry conference call
Subscribe for More Information
March 24, 2015
10:22 EDTRADRite Aid is ripe for a buyout, says Detwiler Fenton
Subscribe for More Information
March 23, 2015
11:26 EDTRADStocks with call strike movement; VALE RAD
Subscribe for More Information
06:07 EDTRADRite Aid implied volatility of 61 at upper end of index
March 20, 2015
06:09 EDTRADRite Aid implied volatility of 63 at upper end of index
March 19, 2015
16:01 EDTRADOptions Update; March 19, 2015
Subscribe for More Information
11:02 EDTRADOptions with increasing implied volatility
Options with increasing implied volatility: HLF RAD NFLX HLSS NOW
09:37 EDTRADActive equity options trading on open
Subscribe for More Information
07:04 EDTRADAmerican Express confirms plans to launch Plenti loyalty program
Subscribe for More Information
05:49 EDTRADStocks with implied volatility movement; RAD XLV
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use