Rite Aid Posts Surprise Q3 Profit

Rite Aid (NYSE: RAD) did its shareholders right on Thursday by delivering a far-better-than-expected third quarter of fiscal 2021.

The big pharmacy operator published the results of the quarter this morning, and they revealed a 12% year-over-year jump in revenue to $6.1 billion. More encouragingly, against expectations, Rite Aid landed in the black on the bottom line, even as its adjusted net profit fell by 26% to $21.6 million, or $0.40 per share.

Image source: Rite Aid.

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Source Fool.com