Walgreens Boots Alliance (WBA) dropped after earning reports

Shares of Walgreens Boots Alliance (WBA)  dropped on Thursday after the drugstore chain posted a third-quarter earnings beat but profit that fell from a year earlier.

Walgreens reported EPS of $0.96 a share, beating the forecast of $0.90 a share, but coming in lower than last year’s earnings per share of $1.51.

Revenue was $32.6 billion, slightly above the forecast of $32.1 billion, but down 4.2% year over year.

The company maintained its adjusted earnings per share guidance of low-single digit growth for fiscal 2022.

Walgreens closed down 7.27% to $37.90 on Thursday. The shares are down 25% year-to-date.