Why Rite Aid Stock Is Rocking Today

Shares of Rite Aid (NYSE: RAD) were soaring 22.1% higher as of 10:53 a.m. EST on Thursday. The big jump came after the pharmacy company announced its fiscal 2021 third-quarter results before the market opened.

Rite Aid reported revenue of $6.1 billion, up 12% year over year. The company posted adjusted earnings of $21.6 million, or $0.40 per share. Both top- and bottom-line figures easily beat the consensus analyst estimates.

Image source: Getty Images.

Continue reading

Source Fool.com