Rite Aid: Fiscal 4Q Earnings Snapshot
CAMP HILL, Pa. (AP) _ Rite Aid Corp. (RAD) on Thursday reported a loss of $324.7 million in its fiscal fourth quarter.
The Camp Hill, Pennsylvania-based company said it had a loss of $6.08 per share. Losses, adjusted for one-time gains and costs, were 37 cents per share.
The drugstore chain posted revenue of $5.73 billion in the period.
For the year, the company reported that its loss widened to $452.2 million, or $8.50 per share. Revenue was reported as $21.93 billion.
Rite Aid expects full-year results to range from a loss of 22 cents per share to earnings of 19 cents per share, with revenue in the range of $22.5 billion to $22.9 billion.
Rite Aid shares have dropped 6.5% since the beginning of the year. The stock has risen 64% 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