RAD Posts Wider 4Q Loss – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/18825/RAD+Posts+Wider+4Q+Loss+-+Zacks+Tale+of+the+TapePosted on Friday, April 3rd, 2009 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Rite Aid (RAD) reported a wider fiscal fourth quarter loss yesterday.
The retail drug store chain lost 14 cents per share in the quarter, wider than the consensus calling for a loss of 11 cents. Sales for the quarter dropped 1.7% to $6.7 billion.
Rite Aid projects sales between $26.3 billion and $26.7 billion for fiscal 2010. It expects a net loss of 26 cents to 53 cents per share for the current year.
Shares of RAD, which is a Zacks #3 Rank (”Hold”) stock, are down approximately 2% today.
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