Walgreens freezes share buybacks after posting $1.7 billion 3rd-quarter loss

Walgreens halted its share buyback program and said it plans to cut 4,000 jobs after reporting worse-than-expected third-quarter figures.
The drugstore giant lost $1.95 per share over the period, or $1.71 billion overall.
The company's Boots UK division saw same-store sales nosedive 48% over the period as quarantine orders "compelled consumers to consolidate shopping into grocers," Walgreens said.
The pharmacy chain's shares traded as much as 5.1% lower early Thursday on the news.
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