Walgreens Boots Alliance (WBA) reported its fiscal third-quarter 2025 earnings with adjusted earnings per share (EPS) of $0.38, surpassing the consensus estimate of $0.31. The company posted revenues of $39.0 billion, exceeding the expected $36.79 billion, driven by a 7.2% year-over-year increase in sales. U.S. retail pharmacy sales reached $30.7 billion, above the $28.98 billion estimate, while U.S. healthcare sales were steady at $2.1 billion, meeting expectations. Despite growth in U.S. healthcare and international segments, Walgreens noted weakness in front-end retail and higher tax expenses. The company reported a net loss of $175 million for the quarter. With the pending Sycamore deal to take the company private, Walgreens Boots Alliance withdrew its full-year guidance and did not hold an earnings call. Separately, Waste Management (WM) announced its Q2 2025 results with revenue of $6.43 billion, up 19% year-over-year and slightly above estimates. The company reported earnings per share of $1.80, below the estimated $1.89, but adjusted EPS of $1.92 exceeded the prior year and consensus. Waste Management affirmed its adjusted operating EBITDA guidance and raised its cash flow forecasts for the full year 2025.