Walgreen’s profit climbs 20%
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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.
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