Rite Aid (RAD) Moves Higher on Surprise Q3 Profit, Boosted Outlook

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Rite Aid (RAD) Tops Q3 EPS by 10c; Comps Fell 1.5%; Adjusts FY13 Outlook

December 20, 2012 7:09 AM EST

Rite Aid (NYSE: RAD) reported Q3 EPS of $0.07, $0.10 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $6.24 billion versus the consensus estimate of $6.28 billion.

Same store sales for the quarter decreased 1.5 percent over the prior year 13-week period,... More