RAD Stock Surges as Q2 Earnings Beat Analyst Expectations

RAD Stock

RAD stock is up over 7.5% today after Rite Aid Corporation (NYSE:RAD) posted better-than-expected second-quarter earnings.

For the second fiscal quarter, the US drug store chain reported a net loss of $78.7 million USD, which represents $1.48 per share. Adjusted net income was $6.3 million USD, or $0.12 per share, while adjusted EBITDA was $134.2 million USD. Analysts expected net income of $0.07 per share and today’s results have led the company to reiterate its guidance of $21.5 billion USD to $21.9 billion USD revenue for the full fiscal 2020. The company also increased its projected ...

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