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Rite Aid: Fiscal 3Q Earnings Snapshot

December 19, 2019 GMT

CAMP HILL, Pa. (AP) _ Rite Aid Corp. (RAD) on Thursday reported fiscal third-quarter net income of $51.5 million, after reporting a loss in the same period a year earlier.

The Camp Hill, Pennsylvania-based company said it had profit of 96 cents per share. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.

The drugstore chain posted revenue of $5.46 billion in the period.

Rite Aid expects full-year earnings in the range of 13 cents to 55 cents per share, with revenue in the range of $21.5 billion to $21.9 billion.

Rite Aid shares have dropped 41% since the beginning of the year. The stock has fallen 51% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RAD at https://www.zacks.com/ap/RAD