Walgreens Boots Alliance posts mixed fourth-quarter earnings results

Walgreens Boots Alliance reported quarterly earnings that topped analysts' expectations and revenue that fell slightly short.

Walgreens reported fiscal fourth-quarter net income of $1.5 billion, or $1.55 per share, up from from $802 million, or 76 cents per share a year earlier. Excluding items, Walgreens earned $1.48 per share, above the $1.45 per share expected by analysts surveyed by Thomson Reuters.

The drugstore chain said revenue rose nearly 11 percent to $33.44 billion in revenue but falling shy of the $33.78 billion analysts had expected.

Shares of the company dropped 0.4 percent in premarket trading. They've been essentially flat this year.

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