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The Underperformers in the Consumer Sector Last Week

Sue Miller
Updated
The Underperformers in the Consumer Sector Last Week

Walgreens Boots Alliance (WBA) reported its Q3 2018 results on June 28 before the market opened. The company reported a 14% YoY (year-over-year) increase in revenue to $34.3 billion. EPS rose 15% YoY (year-over-year) to $1.53. Revenue and EPS surpassed estimates by 0.8% and 3.4%, respectively. Despite strong results, Walgreens stock plummeted 11.2% last week after Amazon (AMZN) announced its PillPack acquisition deal. CVS Health (CVS) stock also fell 10.8% after the announcement.

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