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.
Source Fool.com