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Rite Aid: Fiscal 2Q Earnings Snapshot

September 27, 2018

CAMP HILL, Pa. (AP) _ Rite Aid Corp. (RAD) on Thursday reported a fiscal second-quarter loss of $359.1 million, after reporting a profit in the same period a year earlier.

The Camp Hill, Pennsylvania-based company said it had a loss of 34 cents per share. Losses, adjusted for one-time gains and costs, came to 1 cent per share.

The drugstore chain posted revenue of $5.42 billion in the period.

Rite Aid expects full-year results to range from a loss of 3 cents per share to earnings of 1 cent per share, with revenue in the range of $21.7 billion to $22.1 billion.

The company’s shares closed at $1.28. A year ago, they were trading at $2.29.

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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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