Walgreen’s profit climbs 20%
From Times Wire Services
Walgreen Co., the largest U.S. drugstore chain, said fiscal third-quarter profit rose 20% on sales of generic drugs and a lower tax rate.
Net income climbed to $561.2 million, or 56 cents a share, from $469.2 million, or 46 cents, a year earlier, the company said. Sales advanced 13% to $13.7 billion.
Shares of Deerfield, Ill.-based Walgreen fell 72 cents to $44.25.
