• June 6, 2023

Adobe Reports After The Close On 6/15 — Options Contracts Expire The Next Day

According to NextEarningsDate.com, the Adobe next earnings date is projected to be 6/15 after the close, with earnings estimates of $3.53/share on $4.78 Billion of revenue. Looking back, the recent Adobe …

Apple TV And The Criterion Channel Outrage Film Fans By Censoring Classic Movie

The grim debate over whether it’s acceptable to edit older works of art to cater for modern ‘sensitivities’ has raised its head again with the discovery by eagle eyed film fans …

What You Eat Can Cause Cognitive Decline—Know What To Avoid

A piece published by the American Bar Association’s Senior Lawyers Division reports on the international conference of the Alzheimer’s Association. The Division consists of lawyers over age 50. Health is a …

Walgreens reported quarterly profits that was well below the year-ago period thanks largely to costs to settle with the state of Florida claims its pharmacies contributed to the opioid epidemic.

Walgreens reported $229 million in net income, or 33 cents a share, for its fiscal third quarter ended May 31. That was well off the year-ago period when Walgreens earned a net profit of more than $1.1 billion, or $1.38 per share.

“Third quarter operating loss from continuing operations was $320 million compared to operating income of $1.1 billion in the year-ago quarter,” Walgreens reported Thursday. “Operating loss in the quarter reflects a $683 million charge related to the opioid settlement with the State of Florida and higher costs related to the Transformational Cost Management Program.”


The $683 million settlement includes $620 million that Walgreens in May said will be paid “out to the State of Florida over 18 years, as well as a one-time payment of $63 million for attorneys’ fees.” Walgreens in May said the settlement includes “no admission of wrongdoing or liability by Walgreens.”

The U.S. Centers for Disease Control and Prevention estimates the nationwide opioid crisis has led to more than a half million deaths from overdose in the last 20 years.


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