Market Overview

UPDATE: Rite Aid Posts Q3 Profit

Share:
Related RAD
Retailers Totting Up Better-Than-Expected Holiday Numbers
Rite Aid Is Up 40% In The Past Month; Here's Who Could Be Winning
Rite Aid's (RAD) Key Sales Metrics for January Rise 4.8% - Analyst Blog (Zacks)

Rite Aid (NYSE: RAD) swung to a profit in the third quarter.

Rite Aid posted a quarterly profit of $60.5 million, or $0.07 per share, versus a year-ago loss of $54.5 million, or $0.06 per share.

Its revenue fell to $6.24 billion from $6.31 billion. However, analysts were expecting a loss of $0.03 per share on revenue of $6.2 billion.

Rite Aid shares jumped 19.05% to $1.25 in pre-market trading.

Posted-In: profitEarnings News

 

Related Articles (RAD)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional