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Walgreens Boots Alliance tops 4Q earnings expectations, misses revenue forecasts
– canadianbusiness.com
DEERFIELD, Ill. – Walgreens Boots Alliance Inc. (WBA) on Wednesday reported fiscal fourth-quarter net income of $26 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Deerfield, Illinois-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 88 cents per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The largest U.S. drugstore chain posted revenue of $28.52 billion in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $28.86 billion.
For the year, the company reported profit of $4.22 billion, or $4 per share. Revenue was reported as $103.44 billion.
Walgreens expects full-year earnings in the range of $4.25 to $4.55 per share.
Walgreens shares have risen 25 per cent since the beginning of the year…
On a per-share basis, the Deerfield, Illinois-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 88 cents per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The largest U.S. drugstore chain posted revenue of $28.52 billion in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $28.86 billion.
For the year, the company reported profit of $4.22 billion, or $4 per share. Revenue was reported as $103.44 billion.
Walgreens expects full-year earnings in the range of $4.25 to $4.55 per share.
Walgreens shares have risen 25 per cent since the beginning of the year…
Endeavour Silver helping storm-stranded families near a Mexican property
– canadianbusiness.com
VANCOUVER – A Canadian mining company says it’s providing emergency supplies to people living near one of its Mexican properties in an area that was hard-hit by hurricane Patricia — a powerful but short-lived storm.
Vancouver-based Endeavour Silver says the collapse of a bridge stranded some local residents and cut off their communications.
It says Endeavour vice-president Luis Castro is working with local officials to address the needs of about 80 families living near the company’s Terronera property and the Municipality of San Sebastian del Oeste, in Mexico’s Jalisco State.
It says there was no damage in the town or at the company’s property.
Endeavour (TSX:EDR) it has rescheduled its third-quarter financial results to Monday, 10 days earlier than expected.
Patricia peaked at sea off Mexico’s west coast last week and came ashore Friday evening with winds of 265 kilometres per hour.
The post Endeavour Silver helping storm-stranded families near a Mexican property appeared first on Canadian Business – Your Source For Business News.
Vancouver-based Endeavour Silver says the collapse of a bridge stranded some local residents and cut off their communications.
It says Endeavour vice-president Luis Castro is working with local officials to address the needs of about 80 families living near the company’s Terronera property and the Municipality of San Sebastian del Oeste, in Mexico’s Jalisco State.
It says there was no damage in the town or at the company’s property.
Endeavour (TSX:EDR) it has rescheduled its third-quarter financial results to Monday, 10 days earlier than expected.
Patricia peaked at sea off Mexico’s west coast last week and came ashore Friday evening with winds of 265 kilometres per hour.
The post Endeavour Silver helping storm-stranded families near a Mexican property appeared first on Canadian Business – Your Source For Business News.
Anthem ups outlook for 3rd time, adds customers and tops profit, revenue forecasts for 3Q
– canadianbusiness.com
Anthem reported a 4 per cent increase in third-quarter profit and beat Wall Street forecasts as the number of people the health insurer covers edged slightly higher.
The Blue Cross-Blue Shield insurer also boosted its adjusted 2015 net income forecast for the third time this year, to $10.10 to $10.20 per share. That’s up from its July forecast for more than $10 per share, but still below the $10.20 per share that Wall Street is anticipating.
Anthem, which is planning to buy rival Cigna Corp., reported third-quarter net income of $654.8 million, or $2.43 per share. Adjusted for one-time costs, that amounted to $2.73 per share, 40 cents better than analysts projected.
The Indianapolis company reported operating revenue, which excludes investment income, totalling $19.77 billion. That’s up 7.6 per cent from $18.37 billion last year and above Street forecasts for $19.71 billion.
Anthem said Wednesday that it now expects full-year revenue to be $78 billion.
Membership grew by 174,000 members, or 0…
The Blue Cross-Blue Shield insurer also boosted its adjusted 2015 net income forecast for the third time this year, to $10.10 to $10.20 per share. That’s up from its July forecast for more than $10 per share, but still below the $10.20 per share that Wall Street is anticipating.
Anthem, which is planning to buy rival Cigna Corp., reported third-quarter net income of $654.8 million, or $2.43 per share. Adjusted for one-time costs, that amounted to $2.73 per share, 40 cents better than analysts projected.
The Indianapolis company reported operating revenue, which excludes investment income, totalling $19.77 billion. That’s up 7.6 per cent from $18.37 billion last year and above Street forecasts for $19.71 billion.
Anthem said Wednesday that it now expects full-year revenue to be $78 billion.
Membership grew by 174,000 members, or 0…
India woos Africa with technology and credit as China’s shadow looms large over continent
– canadianbusiness.com
NEW DELHI – In Mozambique, India is building a solar panel plant that will help the southern African country harness renewable energy. Cameroon, in Central Africa, has sought India’s help in fighting the Islamic extremist group Boko Haram. In Ethiopia, Indian technical and financial aid has helped transform the country into a major sugar producer, creating tens of thousands of jobs.
More than 40 African leaders are in New Delhi for a summit to explore how Indian investment and technology can help a resurgent Africa face its development challenges.
The summit, which starts Thursday, was preceded by meetings of trade and foreign ministers from nearly all 54 African nations.
“It gives you an idea of the significance India has attached to its engagement with Africa,” said Ruchita Beri, an Africa specialist at New Delhi’s Institute for Defence Studies and Analyses.
In exchange, India hopes for a share of Africa’s vast natural resources to power its own growth, as well as the support of African states to boost its profile as a global power…
More than 40 African leaders are in New Delhi for a summit to explore how Indian investment and technology can help a resurgent Africa face its development challenges.
The summit, which starts Thursday, was preceded by meetings of trade and foreign ministers from nearly all 54 African nations.
“It gives you an idea of the significance India has attached to its engagement with Africa,” said Ruchita Beri, an Africa specialist at New Delhi’s Institute for Defence Studies and Analyses.
In exchange, India hopes for a share of Africa’s vast natural resources to power its own growth, as well as the support of African states to boost its profile as a global power…
