UPDATE: Rite Aid Posts Q1 Profit, Lowers Full-Year View

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Rite Aid (NYSE: RAD) posted a profit in the fiscal first quarter and cut its full-year earnings forecast.Rite Aid now expects full-year earnings of penny to $0.16 per share, versus its earlier forecast of $0.04 to $0.20 per share.Rite Aid posted a quarterly profit of $89.7 million, or $0.09 per share, versus a year-ago loss of $28.1 million, or $0.03 per share. However, analysts were expecting a profit of $0.09 per share.Rite Aid shares closed at $3.11 yesterday.

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