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Earnings Analysis: 
Walgreen First-Quarter Profit Rises
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:50 AM EST January 03 2006



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Walgreen Co, drugstore chain, announced that Q1 of 2006 profit advanced to 34 cents per share, up from 32 cents per share in the same time last year.

 
Walgreen, (WAG: chart), claimed the results on strong demand for prescriptions and the growth of higher-margin generic drug sales. The company missed the analysts’ expectations by a penny. Earnings in the most recent quarter were reduced by 2 cents a share for employee stock option expenses.

Watsco, Inc, (WSO: chart), distributor of air conditioning, heating and refrigeration equipment, has declared regular quarterly cash dividends of 20 cents per share on both its Common Stock and Class B Common Stock. The cash dividends are payable on January 31, 2006 to shareholders of record as of January 13, 2006. Watsco’s goal is to build a national network of locations that provide the finest service and product availability for HVAC contractors, assisting and supporting them as they serve the country''s homeowners and businesses.

X-Rite, Inc., (XRIT: chart), provider of color measurement solutions, has declared a Q4 cash dividend of 2 1/2 cents per share on its common stock. The dividend is payable February 14, 2006, to shareholders of record at the close of business on January 17, 2006. X-Rite reported 21,235,899 shares outstanding on January 3, 2006.
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