UPDATE: Rite Aid Posts Q3 Profit
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.
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