Monday, June 25, 2007

UPDATE 3-Walgreen 3rd-quarter profit up but shares slip

(Reuters) - CHICAGO, June 25 - Walgreen Co. posted a
19.6 percent rise in quarterly profit on Monday, boosted by new
stores and an inventory credit, but its shares slipped as the
large drugstore chain failed to deliver the stellar growth it
had produced in the previous three quarters.




The company also said it would consider "select"
acquisitions and is looking for other pharmacy-related health
care opportunities as it continues to open hundreds of stores.


Read more at Reuters.com Mergers News

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