Rite Aid Stock Rises as Company Posts Q1 Revenue Beat

Rite Aid (NYSE:RAD) had a great Wednesday marked by solid gains as the pharmacy chain posted its latest quarterly earnings results, posting revenue that beat analysts’ expectations. The company said that it raked in a profit of about 20 cents per share for the period, or a loss of about a penny per share on an adjusted basis. Rite Aid’s adjusted loss was in line with the Wall Street consensus estimate of a penny per share. …read more

Source:: Yahoo Finance


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