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RAD Posts Wider 4Q Loss

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April 03, 2009 |Comments: 0
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RAD

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.

Read the full analyst report on RAD

 
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