Check out the companies making headlines before the bell. Walgreens Boots Alliance — Shares dipped 1.6% after the company's fiscal second quarter report was released. Walgreens generated $37.05 billion in revenue for the quarter, topping the LSEG forecast of $35.86 billon. However, the company also narrowed its full-year adjusted earnings guidance due in part to a "challenging retail environment.
Management is guiding for full-year revenue growth to fall between 8% to 10%, while analysts polled by FactSet had forecasted 6.4%. TD Synnex —Shares fell 4.7% after the company launched a secondary public offering of 9 million common shares currently held by Apollo Global Management. The IT company also authorized the concurrent repurchase of 500,000 shares, as part of its existing share purchase program.
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