12:41 PM EDT, 10/15/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Walgreens Boots Alliance ( WBA ) shares jumped nearly 13% in recent trading on Tuesday after the company posted fiscal Q4 adjusted earnings and sales ahead of consensus.

The company reported fiscal Q4 adjusted net earnings of $0.39 per diluted share, down from $0.67 a year earlier.

Analysts polled by Capital IQ expected $0.36.

Sales for the quarter ended Aug. 31 were $37.55 billion, up from $35.42 billion a year earlier.

Analysts surveyed by Capital IQ expected $35.55 billion.

For fiscal 2025, the company expects adjusted EPS in the range of $1.40 to $1.80. Analysts polled by Capital IQ expect $1.83.

Sales for the fiscal year are expected in the range of $147 billion to $151 billion. Analysts surveyed by Capital IQ expect $147.48 billion.

Additionally, Walgreens Boots Alliance ( WBA ) announced it aims to close about 1,200 stores over the next three years, with around 500 closures planned for fiscal 2025. The initiative is expected to be "immediately accretive to adjusted EPS and free cash flow," the company said.

The plan includes about 300 store closures in a previously approved plan.

Price: 10.15, Change: +1.15, Percent Change: +12.72