UPDATE: Rite Aid Reports Narrower Q3 Loss

Rite Aid Corp (NYSE: RAD) reported a narrower third-quarter loss.

Rite Aid posted a quarterly loss of $52 million, or $0.06 per share, versus a year-ago loss of $79 million, or $0.09 per share. The retailer's revenue gained 1.8% to $6.3 billion. However, analysts were expecting a loss of $0.12 per share on revenue of $6.29 billion.

Rite Aid projects 2012 same-store sales to rise by 1.15% to 1.75% over 2011. The company projects 2012 loss of $0.37 to $0.50 per share on revenue of $25.85 billion to $26 billion. However, analysts were expecting a loss of $0.44 per share on revenue of $25.79 billion.

RAD shares gained 0.88% to $1.15 in after-hours trading.