India, June 26 -- Walgreens Boots Alliance Inc. (WBA), which is in deal to be taken private by Sycamore Partners, reported Thursday a net loss in its third quarter, compared to prior year's profit, despite higher net sales.
Due to the pending up to $23.7 billion deal, WBA has withdrawn its previously issued annual guidance, and it will not host a conference call.
Net loss attributable to the company in the third quarter was $175 million, compared to net earnings of $344 million in the year-ago quarter. Loss per share was $0.20, compared to earnings per share of $0.40 last year.
Adjusted net earnings were $334 million, compared to $545 million a year ago. Adjusted earnings per share were $0.38, compared to $0.63 in the prior year.
The Wa...