07:38 AM EDT, 06/27/2024 (MT Newswires) -- Walgreens Boots Alliance ( WBA ) reported fiscal Q3 adjusted net earnings Thursday of $0.63 per diluted share, down from $1.00 a year earlier.

Analysts polled by Capital IQ expected $0.71.

Sales for the quarter ended May 31 were $36.35 billion, up from $35.42 billion a year earlier.

Analysts surveyed by Capital IQ expected $35.93 billion.

The company said it is lowering its fiscal 2024 adjusted earnings range to $2.80 to $2.95 per share, reflecting "challenging" pharmacy industry trends and a "worse-than-expected" US consumer environment. Analysts polled by Capital IQ expect $3.22.

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