Longs Drug’s Profit Jumps 59% in Quarter
From Reuters
Longs Drug Stores Corp. posted a 59% jump in quarterly profit to $9.2 million, or 25 cents a share.
That compared with $5.8 million, or 16 cents, a year earlier, when net income included an after-tax charge.
Total sales rose 5.1% to $1.16 billion. Sales at stores open at least a year increased 2.7%.
Shares of the Walnut Creek, Calif.-based operator of 470 drugstores rose 20 cents to $20.50 on the NYSE.
