Walgreens earnings fall 22%

Walgreens Boots Alliance reported a 22 percent drop in earnings largely due to a $300 million fee it paid Rite Aid Corp. after their failed attempt to merge.

Net income dropped to $802 million, or 76 cents per share, in the company's fourth quarter ended Aug. 31. That's down from $1.03 billion, or 95 cents per share, a year earlier.

Revenue rose 5.3 percent to $30.2 billion, according to Reuters.

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