Walgreen Q2 profit rises 10%

Deerfield, Ill. -- Walgreen Co. reported Tuesday that net income for the quarter ended Feb. 28 rose to $739 million, compared with $669 million in the year-ago period. However, gross profit margin remained flat at 28.8%, disappointing Wall Street, which expected more from the drugstore operator.



Revenue climbed 9% to $18.5 billion. Same-store sales and prescription sales each rose 4%.