Market Overview

UPDATE: Rite Aid Posts Upbeat Q4 Earnings

Related RAD
Rite Aid July Sales Metrics Mostly Improved From June
David Einhorn's Hedge Fund Sells Off Shares Of Rite Aid
Rite Aid Halves 1Q Profit as Costs Grow (Fox Business)

Rite Aid (NYSE: RAD) reported better-than-expected fiscal fourth-quarter net income.

Rite Aid's quarterly net profit fell to $55.4 million, or $0.06 per share, versus a year-ago profit of $123.1 million, or $0.13 per share. Its adjusted earnings came in at $0.10 per share, beating analysts' estimates of $0.04 per share.

Its revenue climbed to $6.6 billion from $6.5 billion, versus estimates of $6.57 billion.

Rite Aid projects FY15 net income of $0.31 to $0.42 per share on sales of $26 billion to $26.5 billion.

Rite Aid shares gained 8.13% to $6.92 in pre-market trading.

Posted-In: profitEarnings News Guidance

 

Most Popular

Related Articles (RAD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters