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Walgreens posts loss on $1.5 billion charge

FILE PHOTO: A sign rests on a counter at a Walgreens pharmacy store in Austin, TX, U.S., March 26, 2018. Picture taken on March 26, 2018. REUTERS/Mohammad Khursheed

(Reuters) – Drugstore chain Walgreens Boots Alliance Inc posted a loss on Thursday compared with profit a year earlier, due to a $1.5 billion charge from the its equity earnings in AmerisourceBergen.

Net loss attributable to Walgreens was $308 million, or 36 cents per share, in the first quarter ended Nov. 30, compared with earnings of $845 million, or 95 cents per share, a year earlier.

Revenue rose to $36.31 billion from $34.34 billion.

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