Rite Aid (RAD) Posts Q2 EPS of 3c; Raises FY14 EPS Outlook

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Rite Aid (RAD) Q2 Beat Tied to Improvement in Gross Margin - Analyst

September 19, 2013 9:03 AM EDT

Rite Aid Corporation (NYSE: RAD) stock climbed following strong Q2 results and guidance. Commenting, analyst Robert P. Jones of Goldman Sachs noted improvements in gross margins.

"RAD reported 2QFY14 results above both GS and the Street driven by better-than-expected gross margins as a... More