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Rite Aid: Fiscal 3Q Earnings Snapshot

December 19, 2018

CAMP HILL, Pa. (AP) _ Rite Aid Corp. (RAD) on Wednesday reported a fiscal third-quarter loss of $4.5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Camp Hill, Pennsylvania-based company said it had a loss of less than 1 cent. Earnings, adjusted for one-time gains and costs, came to 1 cent per share.

The drugstore chain posted revenue of $5.45 billion in the period.

Rite Aid expects full-year results to range from a loss of 3 cents per share to a loss of 1 cent per share, with revenue in the range of $21.8 billion to $21.95 billion.

In the final minutes of trading on Wednesday, the company’s shares hit 81 cents. A year ago, they were trading at $1.93.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RAD at https://www.zacks.com/ap/RAD

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