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Walgreens Posts $3.7 Billion Loss in Wake of Opioid Settlement

Reflecting on its opioid settlements in its fiscal first quarter, Walgreens reported it had posted a $5.2 billion after-tax charge, resulting in a  $3.7 billion loss for that quarter. Subsequently, Walgreens’ adjusted earnings were $1.16 per share. Despite the settlements, Walgreens managing director of GlobalData Neil Saunders said the company was firmly in the black when not counting the charge. According to NPR, “Walgreens also said Thursday it still expects adjusted...

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